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

    To issue paper intended to circulate as money. See 4 Pet. (U. S.) 410, 7 L. Ed. 903.

  • Black's Law Dictionary: 2nd Edition

    In American law. To put forth or send out; to issue, "No state shall emit bills of credit." Const. U. S. art. 1, ยง 10. To issue; to give forth with authority; to put into circulation. See Bill of Credit. The word "emit" is never employed in describing those contracts by which a state binds itself to pay money at a future day for services actually received, or for money borrowed for present use. Nor are instrumento executed for such purposes, in common language, denominated "bills of credit." "To emit bills of credit" conveys to the mind the idea of issuing paper intended to circulate through the community, for its ordinary purposes, as money, which paper is redeemable at a fufure day. Briscoe v. Bank of Kentucky, 11 Pet. 316, 9 L. Ed. 709; Craig v. Missouri, 4 Pet. 418. 7 L. Ed. 903; Ramsey v. Cox, 28 Ark. 369; Houston & T. C. R. Co. v. Texas, 177 U. S. 66, 20 Sup. Ct. 545, 44 In Ed. 673. In Scotch practice. To speak out; to state in words. A prisoner is said to emit a declaration. 2 Alls. Crim. Pr. 560.