Asiento

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Asiento

 

agreements of the 16th-18th centuries by which Spain gave private parties or foreign states exclusive rights to import Negro slaves into its American possessions. During the 16th and 17th centuries, the Flemish, Genoese, and Dutch obtained this right at various times; France got the monopoly in 1701 and England in 1713 (for 30 years). The use of the Asiento by English merchants for contraband trade and robbery at sea caused the Anglo-Spanish war of 1739–48. England got the Asiento extended for four years by the treaty of Aachen of 1748. By the treaty signed in Madrid (1750) it renounced the Asiento for a compensation of 100,000 pounds sterling.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
is a very great price beeing no other retturns at present for money there none Come only to ye assiento Company (12) for we have ye Spanish Trade shutt up, & God Knoweth when it will be open, the [there?] we are afraid a great many the [there?] have send wooling will be great Loosers.
By the later seventeenth century the company had adopted a new corporate strategy in response to altered diplomatic relations between England and Spain and was rewarded by a provision in the Treaty of Utrecht (1713) which granted it the Assiento, an exclusive contract to supply Spain's American colonies with 4,800 African slaves annually for thirty years.
According to Luna's fictitious narrator, Abulcacim Tarif Abentarique, the story of the monarch's life is centered in the most important, respected place of the Verdadera historia, between the first and second parts of the history--a place reserved for the "[...] huesped honrado, noble y sabio, [a quien] se le deue dar el mejor lugar y assiento que huuiere en la casa y con buena voluntad apossentarle en lo interior del coracon [...]" (131v).