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...] about KNIGHT-SERVICE
K
KYC
Know Your Customer; due diligence activities required to be taken by specified financial institutions and some regulated companies. … [Read more...] about KYC
KNOCK DOWN
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...] about KNOCK DOWN
KYMORTHA
A Welsh term for a waster, rhymer, minstrel, or other vagabond who makes assemblies and collections. Barring. Ob. St 860. … [Read more...] about KYMORTHA
KNOCK OFF
A counterfeit item. An illegal or unlawful copy of a branded item, usually a lower quality copy of a high quality item. … [Read more...] about KNOCK OFF