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The Definition of a Fine.
IT appeareth by many Writers of the Common-law; That a Fine is nothing but a friend∣ly composition, or final con∣cord had between persons of and concerning any lands or tenements, rent or other thing hereditable, be∣ing in esse tempore finis, acknowledged and recorded formerly by the consent and license of the King, now of the Lord Protector, or his Justices before a competent Judge, to the end to cut off all controversies, that neither of the parties litigant from it may after depart. And therefore well may it be said to be fructus exitus, & finis legis. Plo. fol. 357. If we but consider that the Law was made to no other end than to settle peace.
In every Fine there are two several parties, the Cognisor, and the Cognisee, the party levying the Fine is called the Cognisor, and he to whom it is levyed is called the Cogni∣see: There are five essential parts in a Fine: first, the original writ taken out against the Cognisor: the Kings licence formerly so cal∣led, giving the parties liberty to accord, for which he had a Fine called the Kings silver,