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BILL PENAL

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

contracts. A written obligation, by which a debtor acknowledges himself indebted in a certain sum, may one hundred dollars, and for the payment of the debt binds himself in a larger sum, say two hundred dollars. Bills penal do not frequently occur in modern practice; bonds, with conditions, have superseded them. Bills-penal are sometimes called bills obligatory.

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