In Scotch law. A judicial declaration that the party abides by the deed on which he founds, in an action where the deed or writing is attacked as forged. Pat.Comp.. It has the effect of pledging the party to stand the consequences of founding on a forged deed. Bell.
“Abide by” means to adhere to, to submit to, to obey, to accept the consequences of. Detroit Fidelity & Surety Co. v. U. .S., C.C.A.Ohio, 36 F.2d 682, 683. (Recognizance)
To abide by an award means to await the award without revoking the submission. It does not mean to “acquiesce in” or “not dispute,” in the sense of not being at liberty to contest the validity of the award when made, Hunt v. Wilson, 6 N.H. 36; Quimby v. Melvin, 35 N.H. 198; Weeks v. Trask, 81 Me. 127, 16 A. 413, 2 L.R.A. 532.