Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A contract by which A lends B £1,000 on good security, and it is agreed that £500, together with interest, shall be paid at a time stated, and, as to the other £500, that B, in consideration thereof, shall pay to A £100 per annum for seven years.— Wharton.

  • Black's Law Dictionary: 2nd Edition

    In English law. A contract by which A. lends B. £1,000 on good security, and it is agreed that £500, together with interest, shall be paid at a time stated; and, as to the other £500, that B., in consideration thereof, shall pay to A. £100 per annum for seven ycars. Wharton.