Agistment is originally called the proceeds from pasturage, or as per British regulations, taking cattle for grazing in return for payments.
The term Agistment comes from giste in Old English. This means a lying place. It was once a meaning for taking livestock to graze or feed, in return for a specific amount or payment. It also meant opening any forest for livestock and that too for a particular duration. It also means the price that was paid for any livestock or profits from the same under Agistment. It also means a rate/charge for land.
Agistment may have an application in real estate, i.e. the charge/rate on lands. There are also Agistment leases in several parts of the world, outlining Let Areas or these specific zones for Agistment in yellow.
