GIVE v.
as blows, sarcasms, etc. -- To give time (Law), to accord extension or forbearance to a debtor. Abbott. -- To give the time of day, to salute one with the compliment appropriate to the hour, as "good morning." "good evening", etc. -- To give tongue, in hunter's phrase, to bark; -- said of dogs. -- To give up. (a)…
GRACE n.
ediately following the day when a bill or note becomes due, which days are allowed to the debtor or payer to make payment in. In Great Britain and the United States, the days of grace are three, but in some countries more, the usages of merchants being different. -- Good graces, favor; friendship. -- Grace cup. (a) A…
GUARANTEE n. 2 definitions
In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same a…
HAND n.
or affect one. -- To strike hands, to make a contract, or to become surety for another's debt or good behavior. -- To take in hand. (a) To attempt or undertake. (b) To seize and deal with; as, he took him in hand. -- To wash the hands of, to disclaim or renounce interest in, or responsibility for, a person or action…
HYPOTHECATE v.
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry. He had found the treasury empty and the pay of the…
HYPOTHECATION n.
which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re. Pothier. B. R. Curtis. There are but few cases, if any, in our law, where an hypo…