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Peter's pence
noun
- an annual tax or tribute, originally of a penny, paid by certain English property owners to the papal see until the Reformation.
- a voluntary contribution to the pope, made by Roman Catholics.
Peter's pence
noun
- an annual tax, originally of one penny, formerly levied for the maintenance of the Papal See: abolished by Henry VIII in 1534
- a voluntary contribution made by Roman Catholics in many countries for the same purpose
Word History and Origins
Origin of Peter's pence1
Word History and Origins
Origin of Peter's pence1
Example Sentences
Overall, the Peter’s Pence fund, which finances the Vatican bureaucracy and the pope’s charitable projects around the world, ended 2022 with 11.5 million euros in surplus compared to an 18.4 million-euro deficit in 2021.
It’s the second year that the Holy See has published a dedicated financial statement for the Peter’s Pence fund, part of Pope Francis’ push for greater financial transparency in a bid to assure the faithful that their contributions are being put to good use.
Contributions from private individual donors and dioceses, which dedicate a specific Mass collection to the Peter’s Pence fund each June 29, recorded slight decreases in 2022, though income was more than made up for by the sale and management of the Vatican’s vast real estate holdings, the financial statement said.
Once again, the United States was the biggest overall donor to the Peter’s Pence fund, offering 13 million euros in 2022 compared to 11 million euros the previous year.
Prosecutors initially alleged that the money invested came from the Peter’s Pence fund, but Vatican officials have since corrected prosecutors and said the money came from other sources.
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