Month: June 2020

capital (n.2)

1610s, “a person’s wealth,” from Medieval Latin capitale “stock, property,” noun use of neuter of Latin capitalis “capital, chief, first” (see capital (adj.)). From 1640s as “the wealth employed in carrying on a particular business,” then, in a broader sense in political economy, “that part of the produce of industry which is available for further production” (1793).

[The term capital] made its first appearance in medieval Latin as an adjective capitalis (from caput, head) modifying the word pars, to designate the principal sum of a money loan. The principal part of a loan was contrasted with the “usury”–later called interest–the payment made to the lender in addition to the return of the sum lent. This usage, unknown to classical Latin, had become common by the thirteenth century and possibly had begun as early as 1100 A.D., in the first chartered towns of Europe. [Frank A. Fetter, “Reformulation of the Concepts of Capital and Income in Economics and Accounting,” 1937, in “Capital, Interest, & Rent,” 1977]

Also see cattle, and compare sense development of fee, and pecuniary. Middle English had chief money “principal fund” (mid-14c.). The noun use of the adjective in classical Latin meant “a capital crime.”

“suffering, injured, or sick person under medical treatment,” late 14c., from Old French pacient (n.), from the adjective, from Latin patientem “suffering” (see patience). In Middle English also of anyone who suffered patiently.

mid-14c., paciente, “capable of enduring misfortune, suffering, etc., without complaint,” from Old French pacient and directly from Latin patientem “bearing, supporting, suffering, enduring, permitting” (see patience). From late 14c. as “slow to anger, self-restrained, having the temper which endures trials and provocations.” From late 15c. as “awaiting or expecting an outcome calmly and without discontent.” The meaning “pertaining to a medical patient” is late 14c., from the noun. Related: Patiently