Excambion
Encyclopedia
Definition
Excambion : The exchange of land. The deed whereby this is effected is termed "Contract of Excambion".There is an implied real warranty in this contract, so that if one portion is evicted or taken away on a superior title, the
party losing the property is entitled to demand the return of the other given in exchange. Entailed lands were allowed, under certain limitations and conditions, to be exchanged by the Act 10 Geo. III. c. 51, extended by the 6 and 7 Will. IV. c. 42, and still more so by 11 and 12 Vict. c. 36, s. 5 (1848).
Alternate spellings: excambie, "excamb", "excambiator" (an exchanger, a broker).
From Latin
Latin
Latin is an Italic language originally spoken in Latium and Ancient Rome. It, along with most European languages, is a descendant of the ancient Proto-Indo-European language. Although it is considered a dead language, a number of scholars and members of the Christian clergy speak it fluently, and...
: "excambium" (n. an exchange), "excambiare" (v. to exchange).
The definition was constructed from the sources.