The imperceptible financial (r)evolution of the censo

Like other European polities during the medieval and early modern period, Crown of Aragon experienced a financial revolution in 14th century. The censo, a credit instrument recognised as non-usurious by successive popes, was one central elements that revolution. In following centuries, after diffusion of this mechanism to Hispanic kingdoms, became an evolution thanks the flexibility censos offered. hypernymy term “censo” permitted modify clauses contract without losing its licit character recognition secular ecclesiastical authorities. characterisation censo has been hindered features polyonymy and polysemy; they made (r)evolution imperceptible. Several examples demonstrate evolution continued until emergence credit. Due confusion ambiguity, deliberated or unintended, the preindustrial regimes overlapped. Thus, sustained censosand similar formulae continued decades 19th