LAUDEMIUM

Lat. In the ciil law. a sum paid by a new emphyteuta (q. v.) who acquires the emphyteusis, not as heir, but as a singular successor, whether by gift, devise, exchange, or sale. It was a sum equal to the fiftieth part of the purchase money, paid to the dominus or proprietor for his acceptance ‘of the new emphyteuta. Mackeld. Rom. Law, S 328. Called, in old English law, “acknowledgment money.” Cowell.