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LSDefine

Simple English definitions for legal terms

nexum

Read a random definition: regular use

A quick definition of nexum:

Nexum was a practice in ancient Rome where if someone borrowed money and couldn't pay it back, they could be taken as a slave until they paid off the debt. This was a very harsh practice and caused a lot of suffering for those who were in debt. Eventually, a law was passed that made it harder to do this, and the practice stopped being used.

A more thorough explanation:

Definition: Nexum (nek-suhm) is a term used in Roman law to describe a practice where a debtor who failed to repay their debt could be seized and held in bondage until the debt was repaid.

This practice was allowed in early Roman law, but it became obsolete after the passing of the l. Poetelia, which required an actual judgment before seizure. This law deprived nexum of its main advantage, the power of seizure, and it eventually went out of use.

Example: A man borrows money from a lender and agrees to pay it back within a certain time frame. However, he fails to repay the debt on time. Under nexum, the lender could seize the man and hold him in bondage until the debt was repaid.

This example illustrates how nexum allowed lenders to take extreme measures to ensure repayment of debts, even if it meant depriving debtors of their freedom.

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I got one answer so far from Mizzou and I was WL'ed but hey it's not the end it's just the beginning
that was Friday
WorthlessAttractiveZombie
14:26
keep swinging until you hear a bell
14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
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