Mortgage

Mortntim vadium, I. A dead or unproductive pledge; a conveyance of lands, chattels or other subjects of property as a security for a debt, upon a condition that if the sum due be paid at a certain ' time the conveyance shall be void, otherwise become absolute,— the alternative, however, taking effect subject to the right or equity of redemption, v.

Equitable mortgage

In old English law

A pledge of movables or immovables as security for a debt, — called dead, because the contract was that the fruits or rents arising from the thing pledged should not go, as in case of what was called a live pledge, towards paying off the demand for which it was pledged.