Encyclopedia of Early Modern History Online

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Loan for consumption (mutuum)
(811 words)

1. Definition

The loan for consumption was a central legal form of contract credit transactions in the early modern period. In a typical loan for consumption, one person (the borrower) receives a certain amount or weight of a certain object (e.g. grain, cloth, oil) from the lender on the understanding that he will later return objects of the same kind, quantity, and quality. Already in the early modern period, loans of money were the most common. A loan for consumption (Latin mu…

Cite this page
Hofer, Sibylle, “Loan for consumption (mutuum)”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 26 March 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_018180>
First published online: 2015
First print edition: 20190801

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