living pledge

living pledge
An estate which arises when a person borrows a specific sum and grants property to the lender to hold until the rents and profits shall repay the sum so borrowed, whereupon the property reverts to the borrower. Spect v Spect, 88 Cal 437, 26 F 203.

Ballentine's law dictionary. . 1998.

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  • Living pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • living pledge — noun : the transfer of possession of an estate to a lender to be held by him until the debt is paid out of the rents and profits compare mortgage …   Useful english dictionary

  • Pledge — Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf. {Prebend},… …   The Collaborative International Dictionary of English

  • Dead pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • To hold in pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • To put in pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • estate in pledge — See dead pledge; living pledge; mortgage; pledge …   Ballentine's law dictionary

  • The Pledge: Requiem for the Detective Novel — First edition cover, U.K. release This article is about the novella. For the film, see The Pledge (film). The Pledge (German: Das Versprechen) is a crime novella by Swiss author Friedrich Dürrenmatt, published in 1958, after Dürrenmatt thought… …   Wikipedia

  • Barbados National Pledge — The National Pledge of Barbados is as follows: I pledge allegiance to my country Barbados and to my flag, : To uphold and defend their honour, : And by my living to do credit : To my nation wherever I go. According to the Barbados government… …   Wikipedia

  • Dead pledge — Dead Dead (d[e^]d), a. [OE. ded, dead, deed, AS. de[ a]d; akin to OS. d[=o]d, D. dood, G. todt, tot, Icel. dau[eth]r, Sw. & Dan. d[ o]d, Goth. daubs; prop. p. p. of an old verb meaning to die. See {Die}, and cf. {Death}.] 1. Deprived of life;… …   The Collaborative International Dictionary of English

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