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delayfailure to perform on time.
DELAY, civil law. The time allowed either by law or by agreement of the
parties to do something.
2. The law allows a delay, for a party who has been summoned to appear, to make defence, to appeal; it admits of a delay during which and action may be brought, certain rights exercised, and the like.
3. By the agreement of the parties there may be a delay in the payment of a debt, the fulfillment of a contract, &c. Vide Code, 3, 11, 4; Nov. 69, c. 2 Merl. Rep. h