statute merchant

Hist. 1.(cap.) One of two 13th-century statutes establishing procedures to better secure and recover debts by, among other things, providing for a commercial bond that, if not timely paid, resulted in swift execution on the lands, goods, and body of the debtor. 13 Edw., ch. 6 (1283); 15 Edw., ch. 6 (1285).

• These statutes were repealed in 1863.

— Also termed pocket judgment. 2. The commercial bond so established. Cf. STATUTE STAPLE.


专业法律词汇 词条贡献者
译员Roger,毕业于欧洲一流的高级翻译学院,专注翻译各种与公共及基础设施融资有关的法律文件。
Scroll to Top