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Simple English definitions for legal terms
hinegeld
Read a random definition: Hilton doctrine
A quick definition of hinegeld:
Definition: Hinegeld is a historical term that refers to a payment made as a ransom for an offense committed by a servant. In the past, if a servant committed a crime or did something wrong, their master would have to pay a fine to the victim or the victim's family as compensation. This payment was known as hinegeld.
A more thorough explanation:
Definition: Hinegeld (hIn-geld) is a historical term that refers to a ransom paid by a servant for committing an offense.
Example: In medieval times, if a servant committed a crime, their master would have to pay a hinegeld to the victim or their family as compensation.
Explanation: The example illustrates how hinegeld was used in medieval times as a way to compensate the victim of a crime committed by a servant. The payment of hinegeld was a way to resolve the offense without the need for legal action or punishment.
Definition: Hipoteca is a Spanish term that refers to a mortgage, which is a loan used to purchase a property where the property itself serves as collateral for the loan.
Example: Juan took out a hipoteca to buy his first home. The bank provided him with a loan, and in exchange, he agreed to use his home as collateral for the loan.
Explanation: The example illustrates how hipoteca is used in modern times as a way to finance the purchase of a property. The property serves as collateral for the loan, which means that if the borrower fails to repay the loan, the bank can take possession of the property to recover their money.