Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
Financial institutions and practices that emerged in medieval Italian city-states to manage merchant financing, credit, and the transfer of funds across long distances.
AP course connection
Topic 1.6: 1.6 Developments in Europe from 1200-1450