| Part of Speech | Definition | |
| Expression | 1. One of certain public pawnbroking establishments which originated in Italy in the 15th century, the object of which was to lend money at a low rate of interest to poor people in need; -- called also mount of piety. The institution has been adopted in other countries, as in Spain and France.[Websters]. | |
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Common Expressions: MONT DE PIETE
| Expressions | Definition | ||
| Mont de piete | One of certain public pawnbroking establishments which originated in Italy in the 15th century, the object of which was to lend money at a low rate of interest to poor people in need; -- called also mount of piety. The institution has been adopted in other countries, as in Spain and France. Source: Webster's Revised Unabridged Dictionary. | ||
Source: compiled by the editor from various references; see credits. | Top | ||
Specialty Expressions: MONT DE PIETE
| Expressions | Domain | Definition | |
| Mont de Piete | Literature | A pawn depôt. These depôts, called "monti di pietá" (charity loans), were first instituted under Leo X., at Rome, by charitable persons who wished to rescue the poor and needy from usurious money-lenders. They advanced small sums of money on the security of pledges, at a rate of interest barely sufficient to cover the working expenses of the institution. Both the name and system were introduced into France and Spain. The model Loan Fund of Ireland is formed on the same system. Public granaries for the sale of corn are called in Italian Monti frumentarii. "Monte" means a public or State loan; hence also a "bank." Source: Brewer's Dictionary. | |
Source: compiled by the editor from various references; see credits. | Top | ||
