This word, wben written by the drawee on a bill of exchange, amounts to an acceptance by the law merchant. Spear v. Pratt, 2 Hill (N. Y.) 582, Am. Dec. 600, Barnet v. Smlth, 30 N. H. 256, 64 Am. Dec. 290; Peterson v. Hubbard, 28 Mich. 197
Source: Black's Law Dictionary 2nd Ed (1910)
