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Simple English definitions for legal terms
de escambio monetae
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A quick definition of de escambio monetae:
Term: de escambio monetae
Definition: De escambio monetae is a legal term from Latin that means "of exchange of money." In history, it referred to a writ that allowed a merchant to create a bill of exchange.
A more thorough explanation:
de escambio monetae
De escambio monetae is a legal term that means "of exchange of money." It refers to a writ that allows a merchant to create a bill of exchange.
For example, if a merchant in England wanted to buy goods from a merchant in Italy, they could use a de escambio monetae to create a bill of exchange. The bill would allow the English merchant to pay the Italian merchant in their own currency, and the Italian merchant could then exchange the bill for their own currency at a bank.
Another example would be if a merchant in France wanted to pay a debt to a merchant in Spain. They could use a de escambio monetae to create a bill of exchange that would allow them to pay the debt in French currency, which the Spanish merchant could then exchange for their own currency.
These examples illustrate how a de escambio monetae could be used to facilitate international trade and exchange of currency.