MARAVEDI Meaning and
Definition
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Maravedi is a noun that refers to a former Spanish coin, primarily used during the Middle Ages and the Renaissance. With its origin dating back to the 11th century, a maravedi was one of the first Spanish coins to be minted in both gold and silver denominations. The name "maravedi" is believed to have derived from an Arabic term, which signifies "that which is past redemption."
In terms of its value, the maravedi was subject to fluctuations throughout its history. During different periods, its worth varied greatly, ranging from being equivalent to a small fraction of a coin to having a more substantial value. Maravedis were often used as currency for business transactions, trade, and taxation purposes. They were circulated in the Iberian Peninsula and later extended to other Spanish territories, as well as being adopted by some Spanish colonies overseas. Due to its widespread usage, the maravedi became a symbol of Spanish medieval currency.
Today, the maravedi is considered obsolete, and no longer holds any official or legal tender status. However, it remains historically significant for its contribution to Spanish numismatics and its representation of the economic systems of the past.
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A Spanish copper coin less than a farthing.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for MARAVEDI
Etymology of MARAVEDI
The word "maravedi" is derived from the Arabic language. It comes from the Arabic term "mara-biti", which means "that which is stamped". This word was used to refer to a unit of currency that was first issued in Al-Andalus (Moorish Spain) during the 11th century. The term "maravedi" eventually made its way into other Romance languages, such as Spanish, where it continued to be used to refer to various denominations of currency throughout history.
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