☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Statute Merchant

A medieval English recognizance or bond enrolled before the mayor of a trading town, under which a debtor acknowledged a debt and consented to imprisonment and seizure of lands and goods if the debt was not paid when due.

Etymology: English compound · Category: English Legal History · Source: Statute of Acton Burnell (1283); Statute Merchant (1285)
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