DE AESTIMATO

de aestimato (dee es-ti-may-toh). [Latin “for the estimation of something in money”] Romanlaw. An action available to an owner of goods against a person who received the goods but failed,after a certain period, to either pay the  owner an agreed  price after finding a purchaser or return the goods to the owner. • The transaction, or aestimatum, was an innominate contract often used by traveling merchants or second-hand dealers who, after purchasing items, could then resell them at higher prices or return them to the owner. — Also termed actio aestimatoria. [Blacks Law 8th]