Smith's Financial Dictionary1903 - Finance - 543 pages |
Contents
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Common terms and phrases
additional information amount applied Bank of England banker bill of exchange borrower bought Britain broker bullion buyer called cash cent cop centavos centimes certificate circulation clearing house coinage collateral colloquialism contango contract cotton coupon coupon bond currency debt delivery Denomination deposit discount dividend drawer exchange draft foreign exchange francs fund gold coin Grains Grams holder indorsement interest jobber Latin Union legal tender liability loan London Stock Exchange ment milreis MINOR COINS monetary mortgage national bank ness paid paper payable payment person peso pounds preferred stock premium profit promissory note purchase railroad received reserve cities securities seller selling settlement shares silver coins silver dollar sold speculator standard Stock Exchange term stock ticker stocks or bonds taels tained tion trade transaction transfer Treasury United States notes Weight York Stock Exchange
Popular passages
Page 377 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 8 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page 381 - An instrument which contains an order or promise to do any act in addition to the payment of money is not negotiable.
Page 378 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such capital and surplus in addition to such 10 per centum of such capital and surplus.
Page 230 - ... retained in the Treasury and held for the payment of such certificates on demand, and used for no other purpose. Such certificates shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Page 364 - January 18, 1837, on which shall be the devices and superscriptions provided by said act ; which coins, together with all silver dollars heretofore coined by the United States, of like weight and fineness, shall be a legal tender, at their nominal value, for all debts and dues, public and private, except where otherwise expressly stipulated in the contract.
Page 284 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 231 - No association shall be organized with a less capital than one hundred thousand dollars, except that banks with a capital of not less than fifty thousand dollars may. with the approval of the Secretary of the Treasury, be organized in any place the population of which does not exceed six thousand inhabitants...
Page 364 - ... [Section 3513 enumerates the dime or ten cent piece among the silver coins of the United States.] " SEC. 3585. The gold coins of the United States shall be a legal tender in all payments at their nominal value when not below the standard weight and limit of tolerance provided by law for the single piece, and, when reduced in weight below such standard and tolerance, shall be a legal tender at valuation in proportion to their actual weight.
Page 318 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.