Old tax in kind – usually the tithe in field crops – which was to be delivered to the landlord as a debt in kind in always the same amount. This obligation to deliver in kind was transformed in many places in the course of time into an annual amount in money (on St. Martin’s day; on Martini, November 11). – In old documents also the remuneration for a loan granted, i.e. interest. – Formerly also said for annuity (eternal gilt; “ewige Gilt” = perpetual or amount payable for life), especially also in connection with annuity purchase. – In stock exchange parlance also a – first-class (highly rated), in the narrower sense – a government bond issued by Great Britain. – See apanage, detz, perpetuity, consols, pension, cash equivalents.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: firstname.lastname@example.org