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Simple English definitions for legal terms
redditus
Read a random definition: transfer payment
A quick definition of redditus:
REDDITUS: A Latin word that means "return" or "revenue". It is often used to refer to rent payments. There are different types of rent payments, such as rent payable in money (called "rentus albi"), rent payable in goods or labor (called "rentus nigri"), and chief rent paid by a freeholder to go quit of all other services (called "rentus capitales").
A more thorough explanation:
Definition: Redditus is a Latin word that means "return" or "revenue." It specifically refers to rent or other forms of payment received in exchange for the use of property or services.
Examples:
- Reditus albi: This refers to rent that is paid in silver or other forms of money.
- Reditus nigri: This refers to rent that is paid in goods or labor instead of money.
- Reditus capitales: This refers to the chief rent paid by a freeholder to go quit of all other services.
These examples illustrate how redditus can refer to different types of rent or payment received in exchange for the use of property or services. Depending on the agreement between the parties involved, rent can be paid in different forms, such as money, goods, or labor.