Definitions

from The Century Dictionary and Cyclopedia

  • Bearing interest at 7.30 per cent.: used of certain notes issued by the United States Government. See II.
  • n. The popular name for certain notes issued by the government of the United States in 1861, 1864, and 1865, redeemable in three years, and bearing interest at 7.30 per cent.—that is, 2 cents a day on $100.

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