To own land permanently. This refers solely in immovable property – literally land, not the structures on it. To have “freehold” title to land, means you hold it free of any liens or mortgages.
It came up in The Ascent of Money. Freehold property rights have been cited as a key driver of economic growth.
An interesting book, but also not what the title would suggest – the subtitle anyway. This was not an all-encompassing history of money and finance. The book starts with Jewish moneylenders in Venice, and then goes on to discuss the bond market, the stock market, real estate, etc. It’s basically a…
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