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▪ I. † reˈscounter, n. Obs. Also 6 -contre, 7 -conter. [ad. It. riscontro (Sp. rescuentro) recounter, comparison, balancing, etc., f. ri- re- + scontro (:—*ex-contra) encounter.] 1. Encounter, hostile meeting. rare—1.
1543Harvel in State Papers Hen. VIII, IX. 537 Somme thinkith that Barbarossa wil go to Alger, or infest the cost of Spaine, not finding other rescontre. 2. Balancing of contra-accounts; settlement or payment of differences on accounts, in later use spec. on the Stock Exchange. Also pl., and attrib. as rescounter-day, rescounter-settlings.
1622Malynes Anc. Law-Merch. 421 Which according to the said computation is all one in effect betweene them, and might by way of rescounter answere each other in account. 1682J. Scarlett Exchanges 222 If any Payments cannot be made exactly by Resconter for the just Sum,..they give and take from one another.. a Note for the Value that one or the other must pay. 1753A. Murphy Gray's Inn Jrnl. No. 57 Tickets—India-Bonds—Rescounters—Consolidate. 1774Colman Man of Business iv. i, You know the rescounter day, sir; and if Mr. Beverley does not pay his differences within these four-and-twenty hours, the world cannot hinder his being a lame duck. 1775T. Mortimer Every man his own Broker 39 These are called, in 'Change Alley, the Rescounter Settlings. 1796Grose's Dict. Vulgar T. (ed. 3), Rescounters, the time of settlement between the bulls and bears of Exchange-alley, when the losers must pay their differences, or become lame ducks. 3. An engagement to pay the sum due on a balance of accounts. Also attrib. in rescounter-book.
1682J. Scarlett Exchanges 222 In other Fairs the Resconters must be clearly exprest on Paper, written with Ink, in Books for that purpose, called Resconter-Books,..and when the Resconter is once made, its as effectual as if the Bill were paid with ready Cash. ▪ II. † reˈscounter, v. Obs. rare. Also 6 -contre. [ad. It. riscontrare (Sp. rescontrar) to meet with, encounter, to compare or collate, etc.: cf. prec.] 1. intr. To meet or encounter with an enemy. (Cf. recounter v. and rencounter v.)
1543Harvel in State Papers Hen. VIII, IX. 424 Andrea Doria issuid owt of Geane incontinently with 48 galeis,..to rescontre with the French navye. Ibid. 537 It hath ben raportid that Barbarossa was departed from Tolon with 30 galeis, to rescontre, as men thinke, with Janetin Doria. 2. trans. To balance or settle in the way of business. Hence reˈscountering vbl. n.
1606Cæsar Papers in Lansdowne MSS. (Brit. Mus.) CLII. fol. 211 The Statute provided for all Straungers dealing by waie of merchaundize..for the rescountring or ballancing of such trade as..they bringe into this kingdome. 1622Malynes Anc. Law-Merch. 156 That Merchants assuring each to other, may rescounter their Premios, in the accounts kept thereof betweene them. |