Time of indulgence granted to an acceptor or maker for the paymentof his bill of exchange or note. It was originally a gratuitous favor, (hence thename,) but custom has rendered it a legal right.
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Time of indulgence granted to an acceptor or maker for the paymentof his bill of exchange or note. It was originally a gratuitous favor, (hence thename,) but custom has rendered it a legal right.
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