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Peter Teolis
19th July 2006, 10:50 AM (10:50)
In Merry Old England, back in the medieval time, there was a term used in the financial world called a "Scoet". It has changed over the years. What do you think it means? And what term do we use today that is derived from this term?

Go Mark Go... :rolleyes:
Glenn Harris
19th July 2006, 11:20 AM (11:20)
In Merry Old England, back in the medieval time, there was a term used in the financial world called a "Scoet". It has changed over the years. What do you think it means? And what term do we use today that is derived from this term?

Go Mark Go... :rolleyes:

sceot is an old english term for a tax or a penalty. The history of the phrase scot free comes from the word (no tax or penalty)

Another note:

The term Scotland comes from the old irish word Scotts which means "raided land" It could be a variation of the same word. I feel as if i'm being raided come April 15th. (tax day)
Cecil Wallace
19th July 2006, 11:30 AM (11:30)
sceot is an old english term for a tax or a penalty. The history of the phrase scot free comes from the word (no tax or penalty)
Thanks.
I didn't know that, but have heard the phrase forever.
It surely makes sense, and fits the USA tax situation very well.
Ain't nuttin' free!
Mark Doble
19th July 2006, 11:33 AM (11:33)
I would have to ditto Mr. Harris...

Pete must be reading the Gazette again. Bored Pete?

Im off to lunch at Star Bucks. back in two hours
Mark Doble
19th July 2006, 11:35 AM (11:35)
In Merry Old England, back in the medieval time, there was a term used in the financial world called a "Scoet". It has changed over the years. What do you think it means? And what term do we use today that is derived from this term?

Go Mark Go... :rolleyes:

If your interested in 1850 Scoet history: http://www.rootsweb.com/~cenfiles/il/mcdonough/1850/pg0276b.txt
Glenn Harris
19th July 2006, 12:04 PM (12:04)
It means a slope.

I couldn't put it to a modern financial term however.
Gina Stevenson
19th July 2006, 12:12 PM (12:12)
It means a slope.

I couldn't put it to a modern financial term however.

"Slope" because it's a "slippery slope" our government started down when instituting the income tax/IRS? ;)
Dennis M. Scott
19th July 2006, 12:34 PM (12:34)
However, I'm enlightened today, to learn some of this.