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Mont de piete

   Also found in: Wikipedia 0.02 sec.
Mont´ de pi`e`te´
1.One of certain public pawnbroking establishments which originated in Italy in the 15th century, the object of which was to lend money at a low rate of interest to poor people in need; - called also mount of piety. The institution has been adopted in other countries, as in Spain and France. See Lombard-house.


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Valuable effects were there daily sold for a twentieth part of their original cost, and the vicomtesse saw her little stores diminish daily; for the Mont de Piete was obliged to regulate its own proceedings by the received current values of the day.
Autobiography of a Pocket-Handkerchief by Cooper, James Fenimore View in context
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