Equivalent

equivalent' cannot mean more than the amount of money which the promised gold coin would be worth to the bondholder for the purposes for which it could legally be used. That equivalence or worth could not properly be ascertained save in the light of the domestic and restricted market which the Congress had lawfully established.

Of the same value. Some times a condition must be literally accomplished in forma speeifica; but some may be fulfilled by an equivalent, per aequipollen Sj when such appears to be the intention of the parties. Ro Ue, Abr. 451; 1 Bouv. Inst, note 760. In Patent Law. As applied to machines, a de'vice which performs the same result as another, in substantially the same way. 58 Fed. 281. As applied to the chemical action of fluids, it means "equally good." 7 Wall. (U. S.) 330.

Of the same value. Sometimes a condition must be literally accomplished in forma specified; but some may be fulfilled by an equivalent, per wqvipott rM, when such appears to be the intention of the parties: as, if I promise to pay you one hundred dollars, and then die, my executor may fulfill my engagement; for it is equivalent to you whether the money be paid to you by me or by him. Rolle, Ahr. 451. For its meaning in patent law, see Tyler v. Boston, 7 Wall. (U. S.) 327, 19 L. Ed. 93; Patent.

In patent law. The term “equivalent,” when used of machines, such fluids as ean be discovered only by experiment, it means equally good. 7 Wall. 327.