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Equate :: Equate (v. t.) To make equal; to reduce to an average; to make such an allowance or correction in as will reduce to a common standard of comparison; to reduce to mean time or motion; as, to equate payments; to equate lines of railroad for grades or curves; equated distances..

Hypothecation :: Hypothecation (n.) A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry..

Commute :: Commute (v. t.) To exchange; to put or substitute something else in place of, as a smaller penalty, obligation, or payment, for a greater, or a single thing for an aggregate; hence, to lessen; to diminish; as, to commute a sentence of death to one of imprisonment for life; to commute tithes; to commute charges for fares..

Mortgage :: Mortgage (n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made..

Expend :: Expend (v. t.) To lay out, apply, or employ in any way; to consume by use; to use up or distribute, either in payment or in donations; to spend; as, they expend money for food or in charity; to expend time labor, and thought; to expend hay in feeding cattle, oil in a lamp, water in mechanical operations..

Prebend :: Prebend (n.) A payment or stipend; esp., the stipend or maintenance granted to a prebendary out of the estate of a cathedral or collegiate church with which he is connected. See Note under Benefice..

Pay :: Pay (v. i.) To give a recompense; to make payment, requital, or satisfaction; to discharge a debt..

Weekly :: Weekly (a.) Coming, happening, or done once a week; hebdomadary; as, a weekly payment; a weekly gazette..

Draw :: Draw (v. i.) To make a draft or written demand for payment of money deposited or due; -- usually with on or upon.

Dunner :: Dunner (n.) One employed in soliciting the payment of debts.

Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.

Commutation :: Commutation (n.) A substitution, as of a less thing for a greater, esp. a substitution of one form of payment for another, or one payment for many, or a specific sum of money for conditional payments or allowances; as, commutation of tithes; commutation of fares; commutation of copyright; commutation of rations..

Installment :: Installment (n.) A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times being often definitely stipulated..

Heriot :: Heriot (n.) Formerly, a payment or tribute of arms or military accouterments, or the best beast, or chattel, due to the lord on the death of a tenant; in modern use, a customary tribute of goods or chattels to the lord of the fee, paid on the decease of a tenant..

Rent :: Rent (n.) A certain periodical profit, whether in money, provisions, chattels, or labor, issuing out of lands and tenements in payment for the use; commonly, a certain pecuniary sum agreed upon between a tenant and his landlord, paid at fixed intervals by the lessee to the lessor, for the use of land or its appendages; as, rent for a farm, a house, a park, etc..

Exact :: Exact (a.) To demand or require authoritatively or peremptorily, as a right; to enforce the payment of, or a yielding of; to compel to yield or to furnish; hence, to wrest, as a fee or reward when none is due; -- followed by from or of before the one subjected to exaction; as, to exact tribute, fees, obedience, etc., from or of some one..

Ratable :: Ratable (a.) Made at a proportionate rate; as, ratable payments..

Shave :: Shave (v. t.) A premium paid for an extension of the time of delivery or payment, or for the right to vary a stock contract in any particular..

Rebate :: Rebate (n.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties..

Coin :: Coin (n.) That which serves for payment or recompense.

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