A medieval feudal payment or rent collected for the right to use fold land or grazing privileges.
From Old English falod (fold/pen) combined with fee (payment). This compound reflects the medieval practice of charging fees for grazing and fold rights on common lands.
In medieval times, you'd literally pay a 'fold fee' to use someone else's sheep pen or grazing land—it was one of many confusing feudal payments peasants had to make!
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