Commodate
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A commodate (Latin: commodatum), also known as loan for use,[1] in civil law and Scots Law is a gratuitous loan; a loan, or free concession of anything moveable or immoveable, for a certain timeframe, on condition of restoring again the same individual after a certain time.
It is a kind of loan, or contract, with one difference: the commodate is gratis, and does not transfer the property; the thing must be returned in essence, and without deterioration, so that things which consume by use, or time, cannot be objects of a commodate, but of a loan, because although they may be returned in kind, they cannot in identity.
References
[edit]- ↑ Foote, Natasha (18 November 2019). "'Burdensome administration' means young farmers are missing out on EU subsidies". EURACTIV.
This article incorporates text from a publication now in the public domain: Chambers, Ephraim, ed. (1728). "Commodate". Cyclopædia, or an Universal Dictionary of Arts and Sciences. Vol. 1 (1st ed.). James and John Knapton, et al. p. 275.
- Webster's Revised Unabridged Dictionary (1913)
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