Legal Definition and Related Resources of Vadium mortuum
Meaning of Vadium mortuum
(Lat.) A mortgage or dead pledge. It is a security given by the borrower of a sum of money, by which he grants to the lender an estate in fee, on condition that, if the money be not repaid at the time appointed, the estate so put in pledge shall continue to the lender as dead or gone from the mortgagor. 2 Bl. Comm. 257; 1 Powell, Mortg. 4.
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This definition of Vadium Mortuum is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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