Italians do it better (the MBA)

Friday, October 27, 2006

Bankrupcy

In medieval Italy moneylenders conducted their trade from benches set up in town squares. When a moneylender became insolvent, his bench was broken — sometimes over his head. This custom became so associated with insolvency that banca rotta, Italian for “broken bench,” eventually became bankrott in German, banqueroute in French and bankrupt in English.

2 Comments:

Anonymous CreditGal said...

Interesting. I have never heard this story before. Luckily, I'm not familiar with bankruptcy, really.

6:47 AM

 
Blogger Karen said...

I have never heard of this before. Interesting indeed. Thanks for information :-)

8:05 AM

 

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