The business or practice of feeding and caring for someone else's livestock for payment, or a fee paid for this service.
From agist plus the suffix -ment (action, state, result), which comes from Old French and Latin -mentum. This is a formal legal and commercial term.
English common law recognized agistment as a specific legal relationship with detailed rights and responsibilities—if an agistment went wrong, there were courts to settle it, making this one of history's earliest animal welfare regulations.
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