In particular, the asiento would result in great impact for the economy of Spanish American colonies, because the treaty secured or would secure fixed revenues for the crown and the supply of the region with certain commodities, whereas the contracting party bore the risk of the trade. A new asiento was the safest means to get their money back and cash their arrears.

History of the Asiento

Background in the Spanish Americas

The general meaning of asiento (from the Spanish verb sentar, to sit,

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