GUILD

Guild

A guild is an association of artisans or merchants who control the practice of their craft in a particular town. The earliest types of guild were formed as confraternities of workers. They were organized in a manner something between a professional association, trade union, a cartel, and a secret society. They often depended on grants of letters patent by a monarch or other authority to enforce the flow of trade to their self-employed members, and to retain ownership of tools and the supply of materials. A lasting legacy of traditional guilds are the guildhalls constructed and used as meeting places.

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guild

Noun

  1. A group of tradespeople made up of merchants, craftspeople, or artisans, particularly in the Middle Ages
  2. A group of diverse species that share common characteristics or habits


The above text is a snippet from Wiktionary: guild
and as such is available under the Creative Commons Attribution/Share-Alike License.

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