Latin term for an exchange of a particular legal kind related to *warranty. When a man paid *homage to a lord, the lord took on the obligation of defending the man whom he had seised and what he, the lord, had granted, i.e. with land or a *tenement. This act carried a warranty. Were the lord for some reason unable to defend the tenant's right to the land, the tenant having been disseised, he was obliged to provide the tenant with an escambium, i.e. an exchange, to replace what had been lost. *Bracton had this to say: '[the lord] makes a gift for homage and service, . . . to homage belong warranty and defence and escambium if he cannot warrant'. -

Dictionary of Medieval Terms and Phrases. .

Look at other dictionaries:

  • escambium — /askaembiyam/ An old English law term, signifying exchange …   Black's law dictionary

  • escambium — Exchange …   Ballentine's law dictionary

  • ad escambium ad valentiam — For exchange to the value …   Ballentine's law dictionary

  • Escambio — Es*cam bi*o, n. [LL. escambium, excambium. See {Excamb}.] (Eng. Law) A license formerly required for the making over a bill of exchange to another over sea. Cowell. [1913 Webster] …   The Collaborative International Dictionary of English

  • Warranty — A pledge or guarantee. Legal obligation taken on by a lord when *homage had been made by a man on becoming seised of land or an estate. Homage incurred the obligation of protection, and should the lord fail in this, the warranty obliged the lord… …   Dictionary of Medieval Terms and Phrases

  • escambio — ə̇ˈskambēˌō, eˈ noun ( s) Etymology: Medieval Latin, abl. of escambium, excambium exchange, from excambiare to exchange more at exchange : a license formerly required in English law for drawing a bill of exchange on a person overseas …   Useful english dictionary

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