mutuum Definition
- 1a loan of consumable goods that are to be returned in kind, rather than in the same items
- 2a loan of money
Using mutuum: Examples
Take a moment to familiarize yourself with how "mutuum" can be used in various situations through the following examples!
Example
The mutuum agreement stipulated that the borrower would return the same amount of wheat borrowed, not necessarily the same wheat.
Example
The mutuum loan was repaid with interest after six months.
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Summary: mutuum in Brief
'Mutuum' [myoo-tuhโm] refers to a type of loan where the borrower is expected to return the same amount of goods borrowed, not necessarily the same items. It can also refer to a loan of money. An example of a mutuum agreement is when the borrower returns the same amount of wheat borrowed, not necessarily the same wheat. The mutuum loan is repaid with interest after a specified period.
