The markland derived its name from the old coin, the Merk Scots (cognate with German mark and various other European coinages, see Mark (money)), which was the annual rent paid on it.
Originally a Scots mark or merk was 13s 4d (160 pence), but the Scottish coinage depreciated against the English, and by the 18th century a Scots merk was worth only 131/3d sterling – one-twelfth of its original value.
Although such coins were abolished by the Acts of Union 1707, some stayed in circulation for decades, and the names themselves remained in common use for centuries.
You can help Wikipedia by expanding it.This standards- or measurement-related article is a stub.
You can help Wikipedia by expanding it.This real estate article is a stub.