The act of exacting; something that is demanded and extracted, particularly money or payment.
From exact (verb) + -ment (noun-forming suffix). An archaic or rare form referring to the process or result of demanding something.
This is an old-fashioned word that appears in medieval and early modern texts, where it often referred to unjust taxes—a time when rulers could demand 'exactments' without much recourse from the people.
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