One of the mysteries of the English language finally explained.
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.
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.
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