The Collaborative International Dictionary of English v.0.48:

Maegbote \Maeg"bote`\, Magbote \Mag"bote`\, n. [AS. m[=ae]g
   kinsman + b[=o]t compensation.] (Anglo-Saxon Law)
   Compensation for the injury done by slaying a kinsman.
   --Spelman.
   [1913 Webster]