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; to bar; to exclude. The embargo with Spain foreclosed this trade. Carew. To foreclose a mortgager (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption. -- To foreclose a mortgage, (not technically correct, but often used to signify) the obta…

The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

ht; -- opposed to net. Gross adventure (Law) the loan of money upon bottomry, i. e., on a mortgage of a ship. -- Gross average (Law), that kind of average which falls upon the gross or entire amount of ship, cargo, and freight; -- commonly called general average. Bouvier. Burrill. -- Gross receipts, the total of the…

delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry. He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public…

The day named in a mortgage for the payment of the money to secure which it was given. [U. S.] -- Law French, the dialect of Norman, which was used in judicial proceedings and law books in England from the days of William the Conqueror to the thirty-sixth year of Edward III. -- Law language, the language used in legal…

lth; a toast; a health. Dead pledge. Etym: [A translation of LL. mortuum vadium.] (Law) A mortgage. See Mortgage. -- Living pledge. Etym: [A translation of LL. vivum vadium.] (Law) The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits. -- To h…

of him . . . are written in the chronicles of the kings. 1 Esd. i. 42. To record a deed, mortgage, lease, etc., to have a copy of the same entered in the records of the office designated by law, for the information of the public.

nst or from, rarely with of; as, to secure a creditor against loss; to secure a debt by a mortgage. It secures its possessor of eternal happiness. T. Dick.

session of land gives a good title against a stranger having no title; as to strangers, a mortgage is considered merely as a pledge; a mere stranger to the levy.

Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower.

Pledge; security; bail. See Mortgage. Vadium vivum Etym: [LL.] (Law), a living pledge, which exists where an estate is granted until a debt is paid out of its proceeds.

An implied lien (that is, one not created by mortgage or other express agreement) given in equity to a vendor of lands for the unpaid purchase money.

A kind of pledge or mortgage. [Written also wadsett.]

mer times by the Welsh, commonly regarded as a kind of poleax. Fairholt. Craig. -- Welsh mortgage (O. Eng. Law), a species of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the mean time shall be received by the mortgagee without…