Simple English definitions for legal terms
Read a random definition: valentia agendi
Term: FESTING-PENNY
Definition: A festing-penny is a historical term used to describe the payment given to a servant when they are hired. It is also known as an earnest payment.
Simply put, when someone was hired as a servant, they would receive a festing-penny as a sign of good faith and commitment to the job. It was a way to ensure that the servant would show up for work and do their job to the best of their ability.
Definition: Festing-penny is an old term used to describe the earnest or payment given to a servant when they are hired.
These examples illustrate how festing-penny was used in the past to compensate servants for their work. It was a small amount of money given to them as a sign of good faith and to show that they were valued employees. Festing-penny was often given at the beginning of a contract and was a way to ensure that the servant would stay with their employer for a certain period of time.