bills of credit
Non-interest-bearing promissory notes issued by the government and backed by its faith and credit to be paid when presented by their holders, which are in the form of currency and are intended to be circulated and exchanged in the community as money.

Dictionary from West's Encyclopedia of American Law. 2005.


bills of credit
Non-interest-bearing promissory notes issued by the government and backed by its faith and credit to be paid when presented by their holders, which are in the form of currency and are intended to be circulated and exchanged in the community as money.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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