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acquit: acquit: [13] Acquit is ultimately related to quiet. The Latin noun quies, from which we get quiet, was the basis of a probable verb *quietare, later *quitare, whose original meaning, ‘put to rest’, developed to ‘settle’, as in ‘settle a debt’. With the addition of the prefix ad- this passed into Old French as a(c)quiter, and thence into English (still with the ‘settling or discharging debts’ meaning). The currently most common sense, ‘declare not guilty’, did not appear until the 14th century, and the most recent meaning, ‘conduct oneself in a particular way’, developed from the notion of discharging one’s duties.
=> quiet
asset: asset: [16] Originally, to have assets was simply to have ‘enough’ – as in French assez. The Anglo-Norman legal phrase aver asetz signified ‘have enough money to meet one’s debts’, and eventually asetz, later assets, passed from the general meaning ‘enough’ to the particular ‘financial resources’ (the final -s caused it to be regarded as a plural noun, but the analogical singular asset does not appear until the 19th century).

Anglo-Norman asetz itself goes back via Old French asez to Vulgar Latin *assatis, formed from the Latin phrase ad satis ‘to enough’ (satis is the source of English satisfy and satiate, and is related to sad).
=> sad, satiate, satisfy
calendar: calendar: [13] English acquired calendar via Anglo-Norman calender and Old French calendier from Latin calendārium, which was a ‘moneylender’s account book’. It got its name from the calends (Latin calendae), the first day of the Roman month, when debts fell due. Latin calendae in turn came from a base *kal- ‘call, proclaim’, the underlying notion being that in ancient Rome the order of days was publicly announced at the beginning of the month.

The calendula [19], a plant of the daisy family, gets its name from Latin calendae, perhaps owing to its once having been used for curing menstrual disorders. Calender ‘press cloth or paper between rollers’ [15], however, has no connection with calendar; it probably comes from Greek kúlindros ‘roller’, source of English cylinder.
liable: liable: [15] Today’s main meaning of liable, ‘likely to’, is a comparatively recent development. Its primary sense is ‘legally bound or obliged’ (as in ‘liable for someone else’s debts’), which goes right back to the word’s ultimate source, Latin ligāre ‘tie’. Its Old French descendant lier is assumed to have give rise to an Anglo-Norman derivative *liable, literally ‘bindable’, which English took over.

Other English words that come ultimately from ligāre include ally, liaison [17], lien [16] (etymologically a ‘bond’), ligament [14], ligature [14], oblige, religion, and rely.
=> ally, liaison, lien, ligament, ligature, oblige, religion, rely
solve: solve: [15] Etymologically, solve means ‘release’, particularly by the payment of debt. It was borrowed from Latin solvere ‘release, unbind, pay’, which was descended from an earlier *seluere. This was a compound verb based on luere ‘loosen, release, pay’, a descendant of the same Indo-European base that produced English analyse, loose, lose, etc.

The notion of ‘payment of debts’ survives in English solvent [17], and a metaphorical extension of ‘loosening’ to ‘turning a solid into a liquid’ can be seen in soluble [14] and the derivative dissolve [14]. The use of solve for ‘explain’, now the major English sense, emerged in Latin, but it was not a major feature of the Latin verb. Other related forms include absolute, absolve, and resolve [14].
=> absolute, absolve, analyse, dissolve, loose, lose, resolve, solution
amortization (n.): 1670s, in reference to lands given to religious orders, from Medieval Latin amortizationem (nominative amortizatio), noun of action from past participle stem of amortizare (see amortize). Of debts, from 1824.
assets (n.): 1530s, "sufficient estate," from Anglo-French asetz (singular), from Old French assez (11c.) "sufficiency, satisfaction; compensation," noun use of adverb meaning "enough, sufficiently; very much, a great deal," from Vulgar Latin *ad satis "to sufficiency," from Latin ad- "to" (see ad-) + satis "enough" (see sad).

Beginning as a legal term, "sufficient estate" (to satisfy debts and legacies), it passed into general use; meaning "any property that theoretically can be converted to ready money" is from 1580s. Asset is a 19c. artificial singular. Asset stripping attested from 1972.
calendar (n.): c. 1200, "system of division of the year;" mid-14c. as "table showing divisions of the year;" from Old French calendier "list, register," from Latin calendarium "account book," from calendae/kalendae "calends" the first day of the Roman month -- when debts fell due and accounts were reckoned -- from calare "to announce solemnly, call out," as the priests did in proclaiming the new moon that marked the calends, from PIE root kele- (2) "to call, shout" (see claim (v.)).

Taken by the early Church for its register list of saints and their feast days. The -ar spelling in English is 17c. to differentiate it from the now obscure calender "cloth-presser."
garnishee (n.): "one who owes debts and has been warned legally to not pay money or transfer property which has been awarded to his creditor," 1620s, from garnish (v.) in the legal sense + -ee.
ides (n.): (plural) early 14c., "middle day of a Roman month," from Old French Ides (12c.), from Latin idus (plural), a word perhaps of Etruscan origin. The 15th of March, May, July, and October; the 13th of other months. "Debts and interest were often payable on the ides" [Lewis].
insolvent (adj.): 1590s, "unable to pay one's debts," from in- (1) "not" + Latin solventem "paying" (see solvent). Originally of one who was not a trader; only traders could become bankrupt.
legem pone: "payment of money, cash down," 1570s, from first two words of the fifth division of Psalm cxix, which begins the psalms at Matins on the 25th of the month; consequently associated with March 25, a quarter day in the old financial calendar, when payments and debts came due.
public (adj.): late 14c., "open to general observation," from Old French public (c. 1300) and directly from Latin publicus "of the people; of the state; done for the state," also "common, general, public; ordinary, vulgar," and as a noun, "a commonwealth; public property," altered (probably by influence of Latin pubes "adult population, adult") from Old Latin poplicus "pertaining to the people," from populus "people" (see people (n.)).

Early 15c. as "pertaining to the people." From late 15c. as "pertaining to public affairs;" meaning "open to all in the community" is from 1540s in English. An Old English adjective in this sense was folclic. Public relations first recorded 1913 (after an isolated use by Thomas Jefferson in 1807). Public office "position held by a public official" is from 1821; public service is from 1570s; public interest from 1670s. Public-spirited is from 1670s. Public enemy is attested from 1756. Public sector attested from 1949. Public funds (1713) are the funded debts of a government.

Public school is from 1570s, originally, in Britain, a grammar school endowed for the benefit of the public, but most have evolved into boarding-schools for the well-to-do. The main modern meaning in U.S., "school (usually free) provided at public expense and run by local authorities," is attested from 1640s. For public house, see pub.
quit (adj.): c. 1200, "free, clear" (of debt, etc.), from Old French quite, quitte "free, clear, entire, at liberty; discharged; unmarried," from Medieval Latin quitus, quittus, from Latin quietus "free" (in Medieval Latin "free from war, debts, etc."), also "calm, resting" (see quiet (adj.)).
remembrance (n.): c. 1300, "a memory, recollection," from Old French remembrance (11c.), from remembrer (see remember). From late 14c. as "consideration, reflection; present consciousness of a past event; store of personal experiences available to recollection, capacity to recall the past." Also late 14c. as "memento, keepsake, souvenir," and "a commemoration, remembering, ritual of commemoration." Meaning "faculty of memory, capability of remembering" is early 15c.

British Remembrance Day, the Sunday nearest Nov. 11 (originally in memory of the dead of World War I) is attested from 1921. A remembrancer (early 15c.) was a royal official of the Exchequer tasked with recording and collecting debts due to the Crown; hence also, figuratively "Death" (late 15c.).
sperate (adj.): of debts, "having some likelihood of recovery," 1550s, from Latin speratus, past participle of sperare "to hope," denominative of spes "hope," from PIE *spe-is-, from root spe- (1) "to thrive, prosper" (see speed (n.)).
uncleared (adj.): 1630s in reference to debts, 1772 in reference to land; from un- (1) "not" + past participle of clear (v.).
unpaid (adj.): late 14c., in reference to persons, from un- (1) "not" + past participle of pay (v.). Of debts, attested from late 15c.