Bill of credit legal definition of Bill of credit. Bill of credit synonyms by the Free Online Law Dictionary.

BILL OF CREDIT. It is provided by the Constitution of the United States, art. 1, s. 10, that no state shall " emit bills of credit, or make anything but gold and silver coin a tender in payment or debts." Such bills of credit are declared to mean promissory notes or bills issued exclusively on the credit of the. state, and for the payment of which the faith of the state only is pledged. The prohibition, therefore, does not apply to the notes of a state bank, drawn on the credit of a particular fund set apart for the purpose. 2 M'Cord's R. 12; 2 Pet. R. 818; 11 Pet. R. 257. Bills of credit may be defined to be paper issued and intended to circulate through the community for its ordinary purposes, as money redeemable at a future day. 4 Pet. U. S. R. 410; 1 Kent, Com. 407 4 Dall. R. xxiii.; Story, Const. Sec. 1362 to 1364 1 Scam. R. 87, 526.
2. This phrase is used in another sense among merchants it is a letter sent by an agent or other person to a merchant, desiring him to give credit to the bearer for goods or money. Com. Dig. Merchant, F 3; 5 Sm. & Marsh. 491; R. M. Charlt. 151; 4 Pike, R. 44; 3 Burr. Rep. 1667.

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Articles of confederation bill Bills of Credit Constitution of the United States emit Johnson, William state Worcester v. The State of Georgia	33) Additionally, some of the federal Convention delegates who voted to remove the express bill of credit power did so only because they believed that the government would still be able to issue paper money without it. Paper money and the original understanding of the coinage clause by Natelson, Robert G. / Harvard Journal of Law & Public Policy	biggest part biggest share bighearted bigness bigot bigoted bigotry Bilan bilateral bilateral contract bileful Bilinguis bilious bilk bilked bill Bill 0f cost bill drafter Bill obligatory bill of accounts Bill of adventure Bill of attainder bill of complaint Bill of conformity bill of costs Bill of credit Bill of debt Bill of exception bill of exchange Bill of gross adventure Bill of health; commercial law bill of indemnity Bill of indictment bill of lading Bill of pains and penalties Bill of parcels Bill of particulars Bill of privilege Bill of proof Bill of Review Bill of rights Bill of sale Bill of sight Bill of store Bill of suffrance Bill penal Bill-book Billa vera Billed for phone service never received billet billing	Bill Mail Service Bill Mauldin Bill Me Bill Meeks Bill Miller Engineering Bill Moore Community Health Clinic Bill Mountain Bill Mountains Bill Moyers Journal Bill Murray Bill Nye the Science Guy Bill O'Reilly Bill obligatory bill of accounts Bill of Activities Bill of Activities Bill of Activities Bill of Activities Bill of adventure Bill of adventure bill of assurance bill of attainder bill of attainder bill of attainder Bill of attainer Bill of attainer bill of complaint Bill of conformity Bill of costs Bill of costs Bill of credit Bill of debt Bill of Distributions Bill of divorce Bill of enclosure Bill of enclosure Bill of enclosure bill of entry bill of entry Bill of Equipment Bill of exception Bill of exceptions bill of exchange bill of exchange bill of exchange bill of exchange bill of exchange bill of exchange bill of fare bill of goods bill of goods Bill of gross adventure bill of health bill of health bill of health bill of health bill of health Bill of health; commercial law bill of indemnity bill of indictment bill of indictment

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Articles of confederation
bill
Bills of Credit
Constitution of the United States
emit
Johnson, William
state
Worcester v. The State of Georgia

33) Additionally, some of the federal Convention delegates who voted to remove the express bill of credit power did so only because they believed that the government would still be able to issue paper money without it.

Paper money and the original understanding of the coinage clause by Natelson, Robert G. / Harvard Journal of Law & Public Policy

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Bill of credit

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