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Bon (finance)
The ''bon'' (French Canadian, Polish) was a type of paper currency issued by merchants to meet the need for small change. Bon is an abbreviation for ''bon pour'' (French for "good for"). These notes were in wide use in the early part of the 19th century. They were sometimes referred to as "shin plasters" by English Canadians. Because of their widespread use, they are considered to be the precursor to modern banknotes. "merchants to revive the practice of issuing bons or, as they were called by the English Canadians, “shinplasters”." References Numismatics {{banknote-stub ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paper Currency
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Canadians
English Canadians (french: Canadiens anglais or ), or Anglo-Canadians (french: Anglo-Canadiens), refers to either Canadians of English people, English ethnic origin and heritage or to English-speaking or Anglophone Canadians of any ethnic origin; it is used primarily in contrast with French Canadians. Canada is an Bilingualism in Canada, officially bilingual sovereign country, country, with English Language, English and French language, French official language communities. Immigrant cultural groups ostensibly integrate into one or both of these communities, but often retain elements of their original cultures. The term English-speaking Canadian is sometimes used interchangeably with English Canadian. Although many English-speaking Canadians have strong historical roots traceable to England or other parts of the British Isles, English-speaking Canadians have a variety of ethnic backgrounds. They or their ancestors came from various Celtic, European, Asian, Caribbean, African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Money
The history of money concerns the development throughout time of systems that provide the functions of money. Such systems can be understood as means of trading wealth indirectly; not directly as with bartering. Money is a mechanism that facilitates this process. Money may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money), be legally exchangeable for something with intrinsic value ( representative money), or only have nominal value (fiat money). Overview The invention of money took place before the beginning of written history.Denise Schmandt-Besserat [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
