The standard definition of a Cauchy sequence (e.g. it's given in Wikipedia and most textbooks I remember; admittedly those are mostly older ones) is:
for every positive real $ε > 0$ there is a positive integer $N$ such that for all integers $m,n > N$, $|x_m - x_n| < \varepsilon$.
However, this is easily seen to be equivalent to
for every positive real $ε > 0$ there is a positive integer $N$ such that for all positive integers $m > N$, $|x_m - x_N| < \varepsilon$.
(Just take $\varepsilon$ in this definition to be half of the one from the standard definition.)
Why isn't this simpler definition more commonly used? My best hypotheses are:
That's the formulation Cauchy used and so it remains, since it's only a slight simplification.
Authors prefer the symmetry between $n$ and $m$ to simplified proofs.
It doesn't generalize to some settings (which ones?).
There are actually lots of textbooks I haven't seen which use this definition.
Despite having one more variable, I think the standard definition is conceptually simpler (it says that as $m \to \infty$ and $n \to \infty$, the distance from $x_m$ to $x_n$ goes to $0$).