P

Latin. A magisterial pledge. A legal pledge ; a pledge given by the law or the magistrate who administers it. The right vested in a creditor by adjudication is an illustration of the praetorian pledge. The adjudication does not vest the creditor with an absolute title to the heritage of his debtor, but merely gives him a right which may be defeated by the debtor's making payment of his debt, for the debtor may redeem his lands by payment of his debt at any time before declarator of the expiry of the legal: otherwise, the right of the creditor is indefeasible. The right ...