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Simple English definitions for legal terms
post-fine
Read a random definition: estate tax
A quick definition of post-fine:
Post-fine: A payment made in the past for a license to sell or transfer land. It was usually three-twentieths of the land's supposed annual value or ten shillings for every five marks of land. It was also known as King's silver and was paid in the Court of Common Pleas.
A more thorough explanation:
Definition: Post-fine, also known as King's silver, was a fee paid in the Court of Common Pleas for a license to levy a feudal fine. It was an amount due on granting a congé d'accorder in levying a fine of lands. The fee was three-twentieths of the supposed annual value of the land or ten shillings for every five marks of land.
Example: If a person wanted to sell or transfer their land, they would have to pay a post-fine to the Court of Common Pleas. For example, if the supposed annual value of the land was £100, the post-fine would be £15 (3/20 of £100).
Explanation: This example illustrates how post-fine was calculated based on the supposed annual value of the land. The fee was a significant amount, and it was a way for the king to generate revenue from land transactions.