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Asiento definition is - a contract or convention between Spain and another power or company or individual for furnishing slaves for the Spanish dominions in America.
The asiento was the license issued by the Spanish crown, by which a set of merchants received the monopoly on a trade route or product. They were included in some peace treaties. An example of it was the payment of a fee, granting legal permission to sell a fixed number of enslaved Africans in the Spanish colonies.
Asiento de negros, between the early 16th and the mid-18th century, an agreement between the Spanish crown and a private person or another sovereign power by which the latter was granted a monopoly in supplying African slaves for the Spanish colonies in the Americas. The contractor (asentista)
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.
Asiento. The asiento was a contract granted by the Spanish crown to an individual or company allowing the holder exclusive rights in the slave trade with Spain's American colonies; it constituted the principal legal means of supplying slaves to Spanish America.
Translate Asiento. See 3 authoritative translations of Asiento in English with example sentences, phrases and audio pronunciations.