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debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company canno…

To pay or discharge; to serve in payment of; to provide for, as a charge, debt, expenses, costs, etc. For the discharge of his expenses, and defraying his cost, he allowed him . . . four times as much. Usher.

The act of defraying; payment; as, the defrayal of necessary costs.

To send away (a creditor) satisfied by payment; to pay one's debt or obligation to. [Obs.] If he had The present money to discharge the Jew. Shak.

To deny, as a claim; to refuse. The payment was irregularly made, if not disclaimed. Milman.

o make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.

The nonpayment or nonacceptance of commercial paper by the party on whom it is drawn.

To seize, as a pledge or indemnification; to take possession of as security for nonpayment of rent, the reparation of an injury done, etc.; to take by distress; as, to distrain goods for rent, or of an amercement.

, by way of pledge for redress of an injury, or for the performance of a duty, as for nonpayment of rent or taxes, or for injury done by cattle, etc.

An order from one person or party to another, directing the payment of money; a bill of exchange. I thought it most prudent to deter the drafts till advice was received of the progress of the loan. A. Hamilton.

An order for the payment of money; -- in this sense almost always written draft.

To make a draft or written demand for payment of money deposited or due; -- usually with on or upon. You may draw on me for the expenses of your journey. Jay.

An ancient yearly payment made by some tenants to the king, or to their landlords, for the privilege of driving their cattle through a manor to fairs or markets. Cowell.

To ask or beset, as a debtor, for payment; to urge importunately. Hath she sent so soon to dun Swift.

One employed in soliciting the payment of debts.

Subject to the payment of a duty; as dutiable goods. [U.S.] All kinds of dutiable merchandise. Hawthorne.

That which is due; payment. [Obs. as signifying a material thing.] When thou receivest money for thy labor or ware, thou receivest thy duty. Tyndale.

The payment in cash of a note, draft, etc.

Payment of soldiers or servants; wages. [Obs.] The entertainment of the general upon his first arrival was but six shillings and eight pence. Sir J. Davies.

duce to a common standard of comparison; to reduce to mean time or motion; as, to equate payments; to equate lines of railroad for grades or curves; equated distances. Palgrave gives both scrolle and scrowe and equates both to F[rench] rolle. Skeat (Etymol. Dict. ). Equating for grades (Railroad Engin.), adding to the…