silver certificate

2 definitions found

silver certificate - Collaborative International Dictionary of English v.0.48 :

  Silver certificate \Sil"ver cer*tif"i*cate\
     A certificate issued by a government that there has been
     deposited with it silver to a specified amount, payable to
     the bearer on demand. In the United States and its
     possessions, it is issued against the deposit of silver coin,
     and is not legal tender, but is receivable for customs,
     taxes, and all public dues. In the United States the
     redeemability in silver of silver certificates was
     discontinued in the 1970's; they are still (1997) accepted as
     money at the face dollar value, but cannot be redeemed in
     silver.
     [Webster 1913 Suppl. +PJC]

silver certificate - WordNet (r) 2.1 (2005) :

  silver certificate
      n 1: formerly a bank note issued by the United States Treasury
           and redeemable in silver