Legal Dictionary of Pakistan

vadium mortuum

[Law Latin "dead pledge"] A mortgage. e This was considered a "dead pledge" because an estate was given as security by the borrower, who granted to the lender the estate in fee, on the condition that if the money were not repaid at the specified time, the pledged estate would continue as the lender's - it would be gone from, or "dead" to, the borrower (mortgagor). - Also termed mprtuum vadium. See MORTGAGE.