(Knight's Service) Eng. law. It was, formerly, a tenure of lands. Those who held by knight's service were called: milites qui per loricas terras suas defendant;: soldiers who defend the country by their armor. The incidents of knight's service were. homage, fealty, warranty, wardship, marriage, reliefs, heriots, aids, escheats, and forfeiture. Vide Socage. … [Read more...]

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A species of feudal tenure, which differed very slightly from a pure and perfect feud, being entirely of a military nature; and it was the flrst, most universal, and most honorable of the feudal tenures. To make a tenure by knight-service, a determinate quantity of land was necessary, which was called a "knight's fee," (feodum militate) the measure of which was estimated at 680 … [Read more...]

Know Your Customer; due diligence activities required to be taken by specified financial institutions and some regulated companies. … [Read more...]

To assign to a bidder at an auction by a knock or blow of the hammer. Property Itf said to be "knocked down" when the auctioneer, by the fall of his hammer, or by any other audible or visible announcement, signifles to the bidder that he is entitled to the property on 'paying the amount of his bid, according to the terms of the sale. "Knocked down" and "struck off" are … [Read more...]