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Simple English definitions for legal terms
gilour
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A quick definition of gilour:
Term: Gilour
Definition: In the past, a gilour was someone who cheated or deceived others by selling false goods. For example, they might sell pewter and claim it was silver. It was a dishonest way of making money. Today, we use the term "scammer" to describe someone who does this.
Term: Gilt-edged
Definition: When we talk about a security being gilt-edged, it means that it is a very safe investment. It is considered to be the safest type of investment you can make. It's like putting your money in a piggy bank that you know you'll never lose.
A more thorough explanation:
Definition: A person who cheats or deceives by selling false goods.
Example: In the past, a gilour would sell pewter as silver to unsuspecting customers.
This definition explains that a gilour is someone who tricks people by selling them fake items. For example, in the past, a gilour would sell pewter, which is a cheaper metal, as silver, which is more valuable. This would deceive customers into paying more money for something that was not worth as much.