Precarium (noun) (Scots)
prek-er-ee-um
(now historical). A loan granted on request but revocable whenever the lender wishes.
Late 17th century; earliest use found in James Dalrymple. From classical Latin precārium a thing granted or lent upon request at the will and pleasure of the grantor, property held during the pleasure of the superior, use as noun of neuter of precārius, adjective.
Example sentences
“the problem is they agreed the terms of the precarium before it happened.”
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