statute merchant


Definition of statute merchant

: a bond of record formerly in use in England giving the creditor power to seize the property of the debtor for failure to pay at a designated time

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History and Etymology for statute merchant

Middle English statut marchand, from Anglo-French estatu marchaund, literally, merchant statute

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Cite this Entry

“Statute merchant.” Dictionary, Merriam-Webster, Accessed 28 Oct. 2021.

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