Corrody

A corrody is an allowance of food and clothing from an abbey, monastery, or other religious house. While rarely practiced in the modern era, corrodies were common in the Middle Ages. They were routinely awarded to the servants and staff of royalty, but could also be purchased with donations of money or land. The corrody is one of the earliest forms of insurance, as it provided security in sustenance and lodging in a time when social welfare was scarce.

The price offered for corrodies are unknown. Academic estimates, based on the value of the commodities provided, place the amount around £3 per year. This assumes an allowance of one loaf of bread and a gallon of ale, but excludes the cost of accommodations and living expenses. When multiplied by the life expectancy of the era, it can be assumed that a life-long corrody for an average person would cost approximately £100.

References

• Lewin, C G (2003). Pensions and Insurance before 1800 - a social history. Tuckwell Press. pp. 37–49. ISBN 1-86232-211-2. 

This European history-related article is a stub. You can help Wikipedia by expanding it.v · Categories: Economics and finance stubs European history stubs Economic history Middle Ages Wikimedia Foundation. 2010. Игры ⚽ Нужно сделать НИР? Bleggio Superiore Bocenago Look at other dictionaries: corrody — Corody Cor o*dy (k?r ? d?), n. [LL. corrodium, corredium, conredium, furniture, provision: cf. OF. conroi. See {Curry}.] (Old Law) An allowance of meat, drink, or clothing due from an abbey or other religious house for the sustenance of such of… …   The Collaborative International Dictionary of English corrody — variant of corody …   New Collegiate Dictionary corrody — /kawr euh dee, kor /, n., pl. corrodies. Old Eng. Law. corody. * * * …   Universalium Corrody — Pension paid to a monastery for the maintenance of someone. Such an arrangement was often used as a way of dealing with awkward members of a family; as a noble woman also was put into a nunnery if her marriage might prove politically unwelcome.… …   Dictionary of Medieval Terms and Phrases corrody — [ kɒrədi] noun (plural corrodies) historical a pension or provision for maintenance. Origin ME: from Anglo Norman Fr. corodie, from a Romance word meaning preparation …   English new terms dictionary Corrody — 1) Provision of an annual allowance of food, accommodation, and money (or a combination) to non members of a religious house or hospital. Usually granted in return for service, or at the nomination of the king, or by purchase. (Swanson. , 366) 2) …   Medieval glossary corrody — cor•ro•dy [[t]ˈkɔr ə di, ˈkɒr [/t]] n. pl. dies law corody …   From formal English to slang corrody — variant of corody …   Useful english dictionary Corody — Cor o*dy (k?r ? d?), n. [LL. corrodium, corredium, conredium, furniture, provision: cf. OF. conroi. See {Curry}.] (Old Law) An allowance of meat, drink, or clothing due from an abbey or other religious house for the sustenance of such of the king …   The Collaborative International Dictionary of English corody — or corrody noun (plural dies) Etymology: Middle English corrodie, from Anglo French, from Medieval Latin corrodium Date: 15th century an allowance of provisions for maintenance dispensed as a charity …   New Collegiate Dictionary 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”