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Pfandherrschaft
In German nobility, a PfandherrCampe 1809, S. 610: "Pfandherr. Der Herr, Inhaber eines Pfandes, auf welches er einem Andern Geld geliehen hat, oder welches ihm sonst für etwas Sicherheit leistet; der Pfandinhaber, Pfandhaber". (Pledge Lord) was a creditor, mostly of the lower nobility ('' Niederer Adel''), who lent money to a noble higher in the feudal hierarchy, and as security received the usage of a territory belonging to the debtor, which was then known as a ''Pfandherrschaft'' (pledge lordship). The use usually included all the rights and revenues of the owner, such as taxes, duties, forest exploitation, hunting and fishing rights, etc. The pledged territory remained the possession of the original owner and could be redeemed by termination of the pledge contract and refund of the borrowed money, usually with interest. Since the socially superior debtor feudal lord or prince was much more powerful, it also happened that, for lack of money, only part of the deposit was repaid o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Nobility
The German nobility (german: deutscher Adel) and royalty were status groups of the medieval society in Central Europe, which enjoyed certain privileges relative to other people under the laws and customs in the German-speaking area, until the beginning of the 20th century. Historically, German entities that recognized or conferred nobility included the Holy Roman Empire (962–1806), the German Confederation (1814–1866) and the German Empire (1871–1918). Chancellor Otto von Bismarck in the German Empire had a policy of expanding his political base by ennobling rich businessmen who had no noble ancestors. The nobility flourished during the dramatic industrialization and urbanization of Germany after 1850. Landowners modernized their estates, and oriented their business to an international market. Many younger sons were positioned in the rapidly growing national and regional bureaucracies, as well as in the military. They acquired not only the technical skills but the necessary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Creditor
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. *A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to ''secure'' him) of ultimate repayment of the debt owed to him. This could be by way of, for example, a mortgage, where the property represents the security. *An unsecured creditor does not have a charge over the debtor's assets. The term creditor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debtor
A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor. It is not a crime to fail to pay a debt. Except in certain bankruptcy situations, debtors can choose to pay debts in any priority they choose. But if one fails to pay a debt, they have broken a contract or agreement between them and a creditor. Generally, most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable. For the most part, debts that are business-related must be made in writi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pledge (law)
A pledge is a bailment that conveys possessory title to property owned by a debtor (the ''pledgor'') to a creditor (the ''pledgee'') to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security. The pledge is a type of security interest. Pledge is the ''pignus'' of Roman law, from which most of the modern European-based law on the subject is derived, but is generally a feature of even the most basic legal systems. It differs from hypothecation and from the more usual mortgage in that the pledge is in the possession of the pledgee. It is similar, however, in that all three can apply to personal and real property. A pledge of personal property is known as a pawn and that of real property is called an antichresis. In earlier medieval law, especially in Germanic law, two types of pledge existed, being either possessory (cf. Old English ''wed'', Old French ''gage'', Old High Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Feudalism
Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in medieval Europe between the 9th and 15th centuries. Broadly defined, it was a way of structuring society around relationships that were derived from the holding of land in exchange for service or labour. Although it is derived from the Latin word ''feodum'' or ''feudum'' (fief), which was used during the Medieval period, the term ''feudalism'' and the system which it describes were not conceived of as a formal political system by the people who lived during the Middle Ages. The classic definition, by François Louis Ganshof (1944), François Louis Ganshof (1944). ''Qu'est-ce que la féodalité''. Translated into English by Philip Grierson as ''Feudalism'', with a foreword by F. M. Stenton, 1st ed.: New York and London, 1952; 2nd ed: 1961; 3rd ed.: 1976. describes a set of reciprocal legal and military obligations which existed am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
