bill of credit definition - EAS
- Non-interest-bearing promissory notesBills of Credit Non-interest-bearing promissory notes issued by the government and backed by its faith and credit to be paid when presented by their holders, which are in the form of currency and are intended to be circulated and exchanged in the community as money.legal-dictionary.thefreedictionary.com/Bills+of+Credit
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Bills of credit are documents similar to banknotes issued by a government that represent a government's indebtedness to the holder. They are typically designed to circulate as currency or currency substitutes. Bills of credit are mentioned in Article One, Section 10, Clause One (also known as the Contract … 查看更多內容
Use in the American Colonies (pre-1775)
British colonies in North America would issue bills of credit in order to deal with fiscal crises, although doing so without receiving them as revenue in like amounts would increase … 查看更多內容The United States Government has, at numerous times throughout American History, issued Bills of Credit to utilize in place of paper currency. Most instances of this have occurred during wartime.
18th century
American … 查看更多內容Legal writers, as opposed to economic historians, incorrectly assume that the constitutional phrase "Bills of Credit" was simply a synonym for paper money, but it refers to only one, though a very important, type of paper currency. The Constitution … 查看更多內容
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Definition of BILL OF CREDIT • Law Dictionary • TheLaw.com
Bill of credit - definition of Bill of credit by The Free Dictionary
Bill of credit Definition, Meaning & Usage | FineDictionary.com