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One who pawns or pledges anything as security for the payment of borrowed money or of a debt.

To give a recompense; to make payment, requital, or satisfaction; to discharge a debt. The wicked borroweth, and payeth not again. Ps. xxxvii. 21.

In Great Britain, an officer of the Treasury who makes all payments and disbursements, civil as well as military. He is a member of the ministry, but not of the cabinet.

A payment; a tribute; something paid or given. [Obs.] The stomach's pension, and the time's expense. Sylvester.

eld pitches toward the east. Pitch and pay, an old aphorism which inculcates ready-money payment, or payment on delivery of goods. Shak.

a customhouse is established for the legal entry of merchandise. -- Port toll (Law), a payment made for the privilege of bringing goods into port. -- Port warden, the officer in charge of a port; a harbor master.

post. Postage stamp, a government stamp required to be put upon articles sent by mail in payment of the postage, esp. an adhesive stamp issued and sold for that purpose.

A payment or stipend; esp., the stipend or maintenance granted to a prebendary out of the estate of a cathedral or collegiate, church with which he is connected. See Note under Benefice.

of exchange, the offering of a bill to the drawee for acceptance, or to the acceptor for payment. See Bill of exchange, under Bill.

A payment of money; a toll or duty; also, the rendering of a service. Burrill.

Precedence; superior rank. Shak. Priority of debts, a superior claim to payment, or a claim to payment before others.

e character of servants, etc. -- Privileged debts (Law), those to which a preference in payment is given out of the estate of a deceased person, or out of the estate of an insolvent. Wharton. Burrill. -- Privileged witnesses (Law) witnesses who are not obliged to testify as to certain things, as lawyers in relation t…

to engage; as, to promise a visit; to promise a cessation of hostilities; to promise the payment of money. "To promise aid." Shak.

A limit of time given for payment of an account for produce purchased, this limit varying with different goods. See Prompt-note. To cover any probable difference of price which might arise before the expiration of the prompt, which for this article [tea] is three months. J. S. Mill.

A memorandum of a sale, and time when payment is due, given to the purchaser at a sale of goods.

all parties liable for any loss or damage to be sustained by the nonacceptance or the nonpayment of the bill or note, as the case may be. This should be made by a notary public, whose seal it is the usual practice to affix. Kent. Story.

ctly to, a regular or an appointed time; precise; prompt; as, a punctual man; a punctual payment. "The race of the undeviating and punctual sun." Cowper. These sharp strokes [of a pendulum], with their inexorably steady intersections, so agree with our successive thoughts that they seem like the punctual stops counting…

uarter day, a day regarded as terminating a quarter of the year; hence, one on which any payment, especially rent, becomes due. In matters influenced by United States statutes, quarter days are the first days of January, April, July, and October. In New York and many other places, as between landlord and tenant, they a…

Recurring during, or at the end of, each quarter; as, quarterly payments of rent; a quarterly meeting.

To discharge, as an obligation or duty; to meet and satisfy, as a claim or debt; to make payment for or of; to requite; to repay. The blissful martyr quyte you your meed. Chaucer. Enkindle all the sparks of nature To quit this horrid act. Shak. Before that judge that quits each soul his hire. Fairfax.…