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

    Days after the due date of negotiable paper within which it may be paid; the three days after the return day of a writ within which the person served might appear. See llo U. S. 373, 29 L. Ed. 409, 6 Sup. Ct. Rep. 105.

  • Black's Law Dictionary: 2nd Edition

    Time of indulgence granted to an acceptor or maker for the payment of his bill of exchange or note. It was originally a gratuitous favor, (hence the name,) but custom has rendered it a legal right.