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Pay in the Roman army was defined by the annual stipendium received by a Roman soldier, of whatever rank he was, from the Republican era until the Later Roman Empire. It constituted the main part of the Roman soldier's income, who from the end of the Republic began to receive, in addition to the spoils of war , prize money called donativa .
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With money as the mainstay of the Roman Republic’s military success, the collection and use of tributum allowed Rome and its allies to pay their soldiers and bestow their armies with food, transport, equipment and support personnel, which effectively enabled Rome’s legions to remain in the field for lengths at a time. [3]
Roman peasants who needed money to pay their taxes used an inverted form of this process, by selling the right to a portion of their harvest in the future, in exchange for cash in the present. [15] The sulpicii arose as professional bankers in the first century AD. Among other forms of financial intermediation, they offered financing for ...
Mike Roman, 3M's outgoing CEO, earned $7.2 million in total compensation during 2023, a 6% decrease from the year before. ... Brown's $19.1 million package includes a base salary of $1.8 million ...
The banker would pay the money the client owned to the third party. [clarification needed] [59] Stipulation was common in ancient Rome: the debtor was questioned by the creditor in the presence of witnesses, about their willingness to pay back the debt. Written contracts were used to document the transfer of the creditor's loan to the debtor.
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Despite these reductions, the provinces of Rome struggled to pay their taxes, and the Roman government was unable to receive the funding it needed. [ 65 ] [ 66 ] [ 67 ] Increased levels of inflation reduced the value of the money the government received in taxation.