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Simple English definitions for legal terms
fithwite
Read a random definition: Obligation of Contracts Clause
A quick definition of fithwite:
Definition: Fithwite, also known as futhwite, is a historical term used to describe a fine that was imposed on someone for fighting or breaking the peace. It was a way to discourage people from engaging in violent behavior and to maintain order in society.
Definition: Future-acquired property refers to any property that a person may acquire in the future, after a security interest has already been established. This property can still be used as collateral for a loan or other financial agreement, even if it was not owned by the borrower at the time the agreement was made.
Definition: A future advance is money that is lent to a borrower after a security interest has already been established. This money is still secured by the original agreement, even though it was not part of the initial loan. Future advances are often used in secured transactions, such as mortgages or car loans.
A more thorough explanation:
Definition: Fithwite is an old English term that refers to a fine imposed for fighting or breaking the peace. It is also known as futhwite.
Example: In medieval times, if two people got into a physical altercation, they could be required to pay a fithwite to the local lord or authority as punishment for disturbing the peace.
This term illustrates the historical legal system and the consequences for breaking the law. It shows how fines were used as a form of punishment and how the legal system has evolved over time.