Other forms: guilds
A guild is a medieval association of craftsmen in one trade. The weavers' guild, a guild hall, join the guild.
They controlled who could work, trained apprentices and set standards, and they were both a protection for quality and a restraint on trade — economists still argue which mattered more. The name survives in guildhalls and in trade unions of a modern kind. The word came from Old Norse.
1nounguildA medieval association of craftsmen in one trade.
“In the Middle Ages, a young man had to join the guild before he could work as a baker.”
guild is an association.
Old Norse gildi means a payment or guild, from the dues members paid. Geld and yield are relatives.
Old Norse
gildi — payment, guild
Middle English
gilde
English, today
guild
From Middle English gilde, from Old Norse gildi (“payment, guild”). Related to geld, yield, yauld.
Etymology from Wiktionary, CC BY-SA