Commodation

/ˌkɒməˈdeɪʃən/ noun

Definition

The act of lending something, or a legal arrangement where one person temporarily uses another's property with the understanding of returning an equivalent item.

Etymology

From Latin commodatio, the noun form of commodare. Evolved through Medieval Latin into English legal and commercial language by the 14th century.

Kelly Says

In ancient Roman law, commodatio was a specific type of contract—free lending between friends or acquaintances, different from commercial loans. It assumed good faith and trust!

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