Definition and Citations:
This word, when written by the drawee on a bill of exchange, amounts to an acceptance by the law merchant. Spear v. Pratt 2 Hill (N. Y.) 5S2, 38 Am. Dec. 600; Barnet v. Smith. 30 N. H. 256, 64 Am. Dec. 290; Peterson v. Hubbard, 28 Mich. 197.