English definition of Mont De Piete

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Definition of mont de piete

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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..

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Mont De Piete :: 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..

Lombar-house :: Lombar-house (n.) A public institution for lending money to the poor at a moderate interest, upon articles deposited and pledged; -- called also mont de piete..