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Putter-out, one who goes abroad (by sea), a voyager: “which now we find each p. of five for one will bring us good warrant of,” Tp. III, 3, 48 (a traveller of the class of five for one, i. e. one who puts to sea on purpose to see wonders, and therefore, on setting out on his voyage, places out a sum of money, on condition of receiving five for one at his return. The interpretation generally received is: one who lays out money; but abstractedly from the verb to put out not being used by Sh. in this sense, the context would then require: each p. of one for five, as Dyce and others are indeed bold enough to write).
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