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Statute merchant. World English Historical Dictionary

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Statute merchant. World English Historical Dictionary Dictionary Biographies Literary Criticism Welcome Terms of Service ⧏ Previous Next ⧐ Contents Slice Contents Key Bibliographic Record Murray’s New English Dictionary. 1919, rev. 2024. Statute merchant Law. Now only Hist. [STATUTE sb. + MERCHANT a.

1   An elliptical use of the designation of the Statute of Merchants of 1285, (Anglo-L. statutum de mercatoribus, also statutum mercatorium, AFr. estatut marchand) whence the powers of summary execution of this kind of instrument were derived.]

2   A bond of record, acknowledged before the chief magistrate of a trading town, giving to the obligee power of seizure of the land of the obligor if he failed to pay his debt at the appointed time.

3 [1347–8.  Rolls of Parlt., II. 211/2. Robert Lok, & Walter de Norton furent tenutz & obligetz a dit Everard en centz & vintz livrez d’essterlings par Estatu Marchaund a paier a certein jour.]

4 1442.  Calverley Charters (Thoresby Soc., 1904), 253. Walter shall fynd sufficiant surety, boundon in statute marchant, in D marc’ to the saide Sir John.

5 1456.  in Sel. Cases Chanc. (Selden Soc.), 139. A statut marchant of ccc.li. specyfied yn the sayde bylle.

6 1463.  Mann. & Househ. Exp. (Roxb.), 180. An oblygasyon of statew marchend. cc. marke.

7 1592.  Greene, Black Book’s Messenger, Wks. (Grosart), XI. 30. The welthy Gentleman … lends him money, and takes a faire Statute marchant of his Lands before a Iudge.

8 1592.  Nashe, P. Penilesse, Wks. (Grosart), II. 15. The Diuel … would let one for a neede, haue a thousand poundes vppon a Statute Merchaunt of his soule.

9 1766.  Blackstone, Comm., II. x. 160. During such time as the creditor so holds the lands, he is tenant by statute merchant or statute staple.

10 1825.  Owen & Blakeway, Shrewsbury, I. 541. The Clerk of the Statute Merchant.

11 1855.  Macaulay, Hist. Eng., xii. III. 211. How much money had proprietors borrowed on mortgage, on statute merchant, on statute staple!

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