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Simple English definitions for legal terms
as
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A quick definition of as:
AS: A term used in ancient Rome to refer to a pound weight or a coin weighing a pound, which could be divided into 12 parts called unciae. It was also used to denote interest rates. In Roman and civil law, it referred to a whole inheritance or the entirety of an asset. The plural form of AS is asses.
A more thorough explanation:
AS
As is a Latin term that has two meanings:
- In Roman law, it refers to a pound weight or a coin weighing a pound, which is divisible into 12 parts called unciae. It was used to denote interest rates. For example, if someone borrowed 100 asses at 5% interest, they would have to pay back 105 asses.
- In Roman and civil law, it refers to a whole inheritance or the entirety of an asset. For instance, if someone inherits a house, car, and some money, they would receive the as of the inheritance.
- Julius borrowed 200 asses from his friend at a 10% interest rate. He had to pay back 220 asses after a year.
- After her father passed away, Maria inherited the as of his estate, which included his house, car, and savings account.
The examples illustrate how the term "as" was used in Roman law to denote interest rates and in civil law to refer to the entirety of an asset or inheritance.