The fourteenth and fifteenth centuries were a period of rising expenses and mounting debt for Holy Roman emperors and other German lords. Rulers frequently sought to pay off these debts by pledging rights and properties to their creditors, who would then collect the income from those rights and properties over several years as a means of recuperating the money they were owed. However, this practice could generate tensions as well as cycles of conflict and negotiation at the local level, because pledge-holders often recovered their money by extracting as much income as possible from those communities impacted by the pledge. This article provides a general overview of the phenomenon of the pledging of lordly rights before turning to a case study, the pledging of the court at Hoym to the town of Quedlinburg in the mid-fifteenth century, to investigate more closely the local impact of the pledge.
