Nexum was a debt bondage contract in the early Roman Republic. The debtor pledged his person as collateral should he default on his loan. Nexum was abolished by the Lex Poetelia Papiria in 326 BC. == The contract == Nexum was a form of mancipatio, a symbolic transfer of rights that involved a set of scales, copper weights, and a formulaic oath. Un...
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http://en.wikipedia.org/wiki/Nexum
in very early Roman law, a type of formal contract involving the loan of money under such oppressive conditions that it might result in the debtor`s ... [1 related articles]
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http://www.britannica.com/eb/a-z/n/36
Rom. civ. law. Viewed as to its object and legal effect, nexum was either the transfer of the ownership of a thing or the transfer of a thing to a creditor as a security. Accordingly in one sense nexum included mancipium, in another sense mancipium and nexum are opposed in the same way in which sale and mortgage or pledge are opposed. The formal pa...
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http://www.lectlaw.com/def2/n057.htm
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