mont de piete Synonyms
No Synonyms and anytonyms found
mont de piete Meaning
mont de piete ()
One of certain public pawnbroking establishments which originated in Italy in the 15th century, the object of which was to lend money at a low rate of interest to poor people in need; -- called also mount of piety. The institution has been adopted in other countries, as in Spain and France. See Lombard-house.
mont de piete Sentence Examples
- The mont de piété provided a lifeline to struggling individuals, offering loans secured by personal belongings.
- The establishment of the mont de piété was met with mixed reception, with some praising its charitable nature while others condemned its high interest rates.
- The pawns held at the mont de piété ranged from jewelry and watches to tools and household items.
- Customers could redeem their pawned items within a specified period of time by repaying the loan and interest.
- The mont de piété became an important source of revenue for local governments, who often used the proceeds to fund public works projects.
- The institution faced criticism for its role in promoting excessive debt and dependency among the poor.
- Despite the controversy, the mont de piété continued to operate for centuries, providing financial assistance to those in need.
- The mont de piété's unique business model became a model for similar institutions around the world.
- The legacy of the mont de piété can still be seen in the pawnshops and lending institutions that exist today.
- The mont de piété played a complex and multifaceted role in the social and economic development of communities throughout history.
FAQs About the word mont de piete
One of certain public pawnbroking establishments which originated in Italy in the 15th century, the object of which was to lend money at a low rate of interest
No synonyms found.
No antonyms found.
The mont de piété provided a lifeline to struggling individuals, offering loans secured by personal belongings.
The establishment of the mont de piété was met with mixed reception, with some praising its charitable nature while others condemned its high interest rates.
The pawns held at the mont de piété ranged from jewelry and watches to tools and household items.
Customers could redeem their pawned items within a specified period of time by repaying the loan and interest.
