nexum definition

  • noun:
    • A contract during the early Ancient Rome in which the debtor pledged his or her own individual as collateral should he default on their loan (therefore risking becoming a slave to your creditor).
    • In Roman legislation:
    • The agreement, as well as the community ceremony manifesting it, through which, underneath the as a type of a-sale with scales and copper, the ostensible pecuniary consideration, a debtor who had been not able to spend became the bondman of his creditor.
    • The responsibility or servitude, usually implying close confinement regarding the creditor's premises, and energy of chaining and flogging. The agreement or obligation had been sometimes dependent on or just enforceable by judicial proceedings.

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  • Sentence for "nexum"
  • Urban Dictionary for "nexum"
    • (necks-umm)An old type of loan, in…
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