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.
Source: Webster's 1828 American Dictionary ↗ · public-domain · returned verbatim, no AI