Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. A bill formerly issued as legal tender by the U.S. government in representation of deposited silver bullion.
GNU Webster's 1913
- 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.
WordNet 3.0
- n. formerly a bank note issued by the United States Treasury and redeemable in silver
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