Nanium, a term coined in the distant past, refers to the act of seizing someone’s belongings as compensation for a debt owed.
In the past, when individuals were in debt or failed to pay rent, their property could be seized by the landlord or creditor as a means of recovering the owed money. This practice was known as namium. For instance, if a tenant neglected to pay rent, the landlord had the authority to confiscate their furniture or other belongings until the rent was settled. Similarly, if an individual owed money to a creditor, the creditor had the right to take possession of their livestock or other valuable assets until the debt was repaid. These examples demonstrate how namium served as a lawful method to compel individuals to fulfil their financial obligations or debts.
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This glossary post was last updated: 17th April 2024.
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