Ringing Up
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
Is nothing more or less than the setting off of one trade against anotheiv- a thing which occurs in great cities in mercantile transactions. Payments being made through checks upon bank, credit balances being set off against each other. The closing up of transactions on the board of trade for the purchase and sale of grain, by setting off one trade against another, is necessarily no more illegal or improper than is the setting off of credit balances by merchants through checks on banks.
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