STATUTE-MERCHANT, noun In English law, a bond of record pursuant to the Stat. 13 Edw. 1. acknowledged before one of the clerks of the statutes-merchant and the mayor or chief warden of London, or before certain persons appointed for the purpose; on which, if not paid at the day, an execution may be awarded against the body, lands and goods of the obligor.
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Webster's Dictionary 1828
American Dictionary of the English Language, Noah Webster, 1828.