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

    An acknowledgment of the bank of its indebtedness to the payee of the order. See 1-86 111. 440, 78 Am. St. Rep. 2M, 53 L. R. A. 232, 57 N. E. 1061.