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LSDefine

Simple English definitions for legal terms

mise money

Read a random definition: repurchase agreement

A quick definition of mise money:

Term: MISE MONEY

Definition: Mise money is a type of payment made in the past to buy a special right or privilege.

For example, in medieval times, a person might pay mise money to become a member of a guild or to be allowed to hunt on someone else's land. It was like a fee that gave you permission to do something that you wouldn't normally be allowed to do.

Today, we don't use mise money anymore, but we still have similar types of payments, like fees for licenses or permits.

A more thorough explanation:

Definition: Mise money is a historical term that refers to money paid by contract to purchase a privilege.

Example: In medieval times, a lord might require his tenants to pay mise money in order to be allowed to hunt on his land.

Explanation: The example illustrates how mise money was used to purchase a privilege. In this case, the privilege was the right to hunt on the lord's land. The tenants would pay the mise money as part of a contract with the lord, which would allow them to exercise this privilege.

misdescription | miserabile depositum

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