Bill of credit
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In constitutional law. A bill or promissory note issued by the government of a state or nation, upon its faith and credit, designed to circulate in the community as money, and redeemable at a fufure day.
Briscoe v
Bank of Kentucky, 11 Pet. 271, 9 L. Ed. 709; Craig v. Missouri, 4 Pet. 431, 7 L. Eld. 903; Hale v. Huston, 44 Ala. 138, 4 Am. Rep. l24.
In mercantile law. A license or authority given in writing from one person to another, very common among merchants, bankers, and those wbo travel, empowering a person to receive or take up money of their correspondents abroad.