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STATUTE MERCHANT

Legal Term: STATUTE MERCHANT
Definition: English law. A security entered before the mayor of London, or some chief warden of a city, in pursuance of 13 Ed. 1. stat. 3, c. 1, whereby the lands of the debtor are conveyed to the creditor, till out of the rents and profits of them, his debt may be satisfied. Cruise, Dig. t. 14, s. 7; 2 Bl. Com. 160.



***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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