paper money

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Related to paper money: fiat money, plastic money, Commodity money
See: check, currency, debenture, instrument

PAPER MONEY. By paper money is understood the engagements to pay money which are issued by governments and banks, and which pass as money. Pardes. Dr. Com. n. 9. Bank notes are generally considered as cash, and win answer, all the purposes of currency; but paper money is not a legal tender if objected to. See Bank note, Specie, Tender.

References in periodicals archive ?
That is, Pitt had usurped the remains of real physical money in Britain and replaced it with paper money.
The Baghdad scholars were using paper money and cheques and also had a health service centuries before anyone else.
The paper money created by the Continental Congress during the colonists' war for independence quickly depreciated, as one issue of the new currency dollars followed another.
The first paper money proposal in the Colonies was in 1690 when the Massachusetts Bay Colony issued a limited number of tender notes.
Timothy Geithner, Lew's predecessor, also had a messy signature, but a cleaned-up version was stamped on paper money.
Paper money will be hard-pressed to provide a similarly beautiful and powerful record for museumgoers in future centuries.
As more and more credibility is lost in paper money, GDP growth will continue to decrease in real terms.
Making an accusation that has not gone well with the rest of Europe, Weidmann compared the European Central Bank's initiative to pump money into the economy with a scene in Goethe's Faust, where the devil convinces an emperor to issue large amounts of paper money.
The history books tell us that before paper money was in circulation gold and silver coins were issued to be used as currency sharing the country's wealth as the means of purchasing goods, from food to property.
UAE consumers will have completely stopped using paper money to pay for goods by 2030 as they slap purchases on cards.
Describing the Court's construction of a jurisdictional statute in a way that allowed it to avoid deciding whether Congress has the power during the Civil War to make paper money legal tender, Powe writes, "The Court ducked because the justices would have found paper money unconstitutional, and the Republicans would have, at best, ignored the decision.