from The Century Dictionary and Cyclopedia
- n. A Middle English form of pension.
Sorry, no etymologies found.
In their initial performance of Henry's bequest to his daughters, the will's executors (who were also King Edward's privy councilors) assumed that the bequest referred to a yearly allowance, a "pencion" for each princess to "lyve on."
The registers of the Privy Council preserve the contemporary distinction between "pencion" (allowance) to be paid out from the sale of royal goods or the Privy Purse and "revenues" derived from property. 23 The question now becomes: what made the executor-councilors alter their initial understanding of the Henrician bequests to Mary and Elizabeth?
On April 11, 1547, the Privy Council deputed Sir Edward Peckham, cofferer (treasurer) of King Edward's household, to distribute to each princess "the summe of oone cii, to be accompted as parcell of her Graces pencion to her allotted by the testament of our late Souveraine Lord."
As noted earlier, this understanding guided the initial performance of Henry's will by the executor-councilors, who initially distributed to each princess the "pencion to her allotted by the testament of our late Souveraine Lord."
These haue giuen vnto them by the kinge, houses, villages, and Castles euery one as he deserueth, in the steade of his wages or pencion.
But his long attendance through vnexpected difficulties in seeking to get the book freely printed, and after that was vndertaken the friuolous delaies of the printers and slow preceding of the presse, wch no intreties of his or myne could remedy, drew him to a gretter expence then his meanes would here, including both your lÃ¶ps pencion and the arbitrary help of his frends.