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Simple English definitions for legal terms
vicem fructuum obtinere
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A quick definition of vicem fructuum obtinere:
Term: VICEM FRUCTUUM OBTINERE
Definition: Vicem fructuum obtinere is a Latin phrase that means "to take the place of fruits." In history, this phrase was commonly used to refer to interest as the produce of money. In simpler terms, it means that the interest earned from money can be considered as a replacement for the fruits that would have been produced if the money had been invested in agriculture or other forms of production.
A more thorough explanation:
VICEM FRUCTUUM OBTINERE
Vicem fructuum obtinere is a Latin term that means "to take the place of fruits." In history, it was commonly used to refer to interest as the produce of money.
For example, if you lend someone $100 and they agree to pay you back $110 in a year, the extra $10 is the interest or "fruit" of the loan. In this case, the interest is taking the place of the fruits that the money could have earned if it had been invested in something else.
Another example is if you have a savings account that earns interest. The interest you earn is the "fruit" of your savings, taking the place of the fruits that your money could have earned if it had been used for something else.
The examples illustrate how interest can take the place of the fruits that money could have earned if it had been used for something else. Vicem fructuum obtinere is a way to describe this concept in Latin.