prɛkɑːriəm

Definitions

1. noun

A type of medieval land grant, especially one given as a reward for military service, where the grantee held it at the pleasure of the lord.

“The precarium was a unique arrangement that gave the vassal control over the land, but the lord retained the right to revoke it.”

2. noun

A precarious or unstable situation or condition, often characterized by uncertainty or risk.

“The company’s precarium situation was due to the uncertain market trends and lack of financial stability.”