Word Origin & History

1714, "contract between the King of Spain and another power" (esp. that made at the Peace of Utrecht, 1713, with Great Britain for furnishing African slaves to the Sp. colonies in the Americas), from Sp. asiento, from asentar "to adjust, settle, establish," lit. "to place on a chair," from a sentar,
from L. sedens, prp. of sedere "to sit" (see sedentary).
Online Etymology Dictionary, © 2010 Douglas Harper
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