The Collaborative International Dictionary of English v.0.48:

Bloodwite \Blood"wite`\, Bloodwit \Blood"wit`\, n. [AS.
   bl[=o]w[imac]te; bl[=o]d blood, + w[imac]te wite, fine.]
   (Anc. Law)
   A fine or amercement paid as part of a settlement for the
   shedding of blood; also, a riot wherein blood was spilled.
   [1913 Webster]