henry vii - financial methods Flashcards
(9 cards)
bonds and recognisances
bond = person promised to pay a sum of money if they failed to keep their promise to King (of doing a specific thing)
recognisances = payments made as a reward for good behaviour
acts of attainder
allows king to seize titles and land/possessions of nobles he suspected of dishonesty
Crown lands
property owned by king, which he used to extract finance through selling or renting land
profits from feudal dues
tax paid to king by person that inherited land from someone
wardship
if child was left orphaned, Crown took control of land left to them and when they came of age, they could take back control but had to pay a certain amount to Crown
extraordinary revenue
money granted by parliament made up of grants, loans, taxes…
pensions from other powers
French pension from Treaty of Etaples (paid England back for costs of raising an army)
tonnage and poundage
tonnage = taxes on exports
poundage = taxes on imports
ordinary revenue
taxes on people such as wardships, feudal dues..
