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Simple English definitions for legal terms
nundinae
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A quick definition of nundinae:
Term: NUNDINAE
Definition: Nundinae were markets that took place in ancient Rome every eight days. During this time, people would come together to buy and sell goods. It was also a time for people to pay off their debts. The word "nundinae" comes from the Latin words for "nine" and "day," because the markets were held every ninth day.
A more thorough explanation:
NUNDINAE
Nundinae (pronounced nun-din-ee) is a Latin term that refers to:
- A fair or market in ancient Rome.
- The period of eight days between two consecutive markets, including the market days.
- This period was often used for the payment of debts.
During the nundinae, people would gather in the market to buy and sell goods. Farmers would bring their crops, and craftsmen would sell their wares.
Debts were often settled during the nundinae. If someone owed money, they would have to pay it back by the end of the eight-day period.
The examples illustrate how nundinae were important for trade and commerce in ancient Rome. The markets provided a place for people to buy and sell goods, while the eight-day period allowed for debts to be settled. This system helped to regulate trade and ensure that debts were paid on time.
nunc valent et quantum valuerunt tempore pacis | nundination