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[kevin oleary]
Simple English definitions for legal terms
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Term: de mercatoribus
Definition: De mercatoribus is a Latin term that refers to two laws made during the reign of Edward I in England. These laws allowed a creditor to hold a debtor's land as security until the debt was paid. This means that if a business owner owed money to someone, the creditor could take their land until the debt was paid off. The laws were created to protect merchants and their businesses, but they also had some harsh consequences for debtors.