Vadium Vivum Law and Legal Definition

In Latin Law Vadium Vivum means Live pledge. It is a living pledge which exists when an estate is granted to the lender until the debt of the borrower is paid out of its proceeds and profits of the land. The pledge was so called because neither the money nor the lands were lost. It was a living pledge because the profits of the land were constantly paying off the debt. Vadim Vivum is also termed vivum vadium; vif- gage.