He was reminded that the fee simple of land would not sell for more than twenty years' purchase.
Lands in New-Brunswick are held in fee simple or free socage.
Vattel certainly speaks of Penn's treaty as if he understood him to have purchased the sovereign rights as well as the fee simple.
First of all, he describes the characteristics of tenancy in fee simple.
Estates of inheritance are divided into estates in fee simple, and estates in fee tail.
Have we not the fee simple of terrapin and the exclusive excellence of shad?
We shall have a lease for years—say four or five; not a freehold—certainly not a fee simple.
In short, he may have title in fee simple, but the community has a title superior.
The description of him as seised in fee simple is a touch of genius.
Then the straw man conveyed it to the possessor or his nominee in fee simple.
late 13c., from Old French fieu, fief "fief, possession, holding, domain; feudal duties, payment," from Medieval Latin feodum "land or other property whose use is granted in return for service," widely said to be from Frankish *fehu-od "payment-estate," or a similar Germanic compound, in which the first element is cognate with Old English feoh "money, movable property, cattle" (also German Vieh "cattle," Gothic faihu "money, fortune"), from PIE *peku- "cattle" (cf. Sanskrit pasu, Lithuanian pekus "cattle;" Latin pecu "cattle," pecunia "money, property"); second element similar to Old English ead "wealth."
OED rejects this, and suggests a simple adaptation of Germanic fehu, leaving the Medieval Latin -d- unexplained. Sense of "payment for services" first recorded late 14c. Fee-simple is "absolute ownership," as opposed to fee-tail "entailed ownership," inheritance limited to some particular class of heirs (second element from Old French taillir "to cut, to limit").