A Palfrey is a type of horse, not a breed of horse, and was highly valued as a riding horse in the Middle Ages. The word "palfrey" is cognate with the German word for horse (of any type), "Pferd". Both descend from Latin "paraveredus", meaning a post horse or courier horse. The German term for a palfrey, meanwhile, is Zelter, which literally means "ambler" and is cognate with the Icelandic tölt. Breeding The term 'palfrey' usually referred to the most expensive and highly-bred types of r… (More on Palfrey)