{"id":16551,"date":"2018-06-13T02:37:14","date_gmt":"2018-06-13T02:37:14","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=16551"},"modified":"2018-06-13T03:45:35","modified_gmt":"2018-06-13T03:45:35","slug":"estate-in-gage-an-estate-that-has-been-pledged-as-security-for-a-debt","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=16551","title":{"rendered":"estate in gage – an estate that has been pledged as security for a debt"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from\u00a0Property<\/a> >>>>\u00a0Interest<\/a>\u00a0>>>> Estate<\/a>:<\/a><\/strong><\/span><\/p>\n

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estate in gage<\/span>:<\/strong><\/span><\/p>\n

1. An estate that has been pledged as security for a debt.<\/strong> \u00a0See MORTGAGE. [1]<\/span><\/p>\n

1.<\/strong> See dead pledge<\/em>; living pledge<\/em>; mortgage<\/em>; pledge<\/em>. [2]<\/span><\/p>\n

dead pledge<\/span>:<\/span><\/strong><\/p>\n

1. A mortgage; the property mortgaged.<\/span><\/strong><\/p>\n

It was called a “dead” pledge because the rents and profits of it did not go toward the discharge or payment of the Hence, it yielded nothing to the mortgagee and was, in that sense, dead.<\/strong> [2]<\/span><\/p>\n

living pledge<\/span>:<\/span><\/strong><\/span><\/p>\n

1. An estate which arises when a person borrows a specific sum and grants property tot he lender to hold until the rents and profits shall repay the sum so borrowed, whereupon the property reverts tot eh borrower. Spect v Spect<\/em>, 88 Cal 437, 26 F 203<\/span>.<\/strong> [2]<\/span><\/p>\n

mortgage<\/span><\/a> – a conveyance of title to property given as security for the payment of a debt or performance of a duty, that will become void upon payment or performance according to the stipulated terms. <\/strong>\u2014 aka (archaically)<\/span> dead pledge<\/strong><\/em><\/span>.<\/span><\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em> Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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