Meaning of nexum in English:

nexum

Pronunciation /ˈnɛksəm/

noun

historical
  • Usually italicized. A form of binding obligation between a creditor and a debtor, whereby the debtor automatically becomes the bondsman of the creditor in the event of non-payment.

Origin

Late 19th century; earliest use found in Encyclopaedia Britannica. From classical Latin nexum, use as noun of neuter singular of nexus, past participle of nectere to bind, connect.