A free and gratuitous right to lands made to one for service to be performed by him; a tenure where the vassal, in place of military services, makes a return in grain or in money
{i} right to use property or land for an annual payment (in Scotland); feudalistic land
a Scottish property on offer feudal a Scottish term for a property and land offered for sale for life without restrictions first adjustment when you can expect the first interest rate adjustment in your loan - usually for a fixed or capped rate mortgage first mortgage not the first mortgage a person takes out, but rather a mortgage that is the first 'charge' (or debt) against a property fixed-rate mortgage (FRM) a mortgage in which the interest rate does not change during part or all of the term of the loan