Goldsmiths Notes - Law Dictionary Search Results
Home Dictionary Name: goldsmiths notes Page 1 of about 2 results (0.004 seconds)Goldsmiths' Notes
Goldsmiths' Notes. Bankers' cash notes (i.e., promissory notes given by a banker to his customers as acknowledgements of the receipt of money) were originally called in London goldsmiths' notes, from the circumstance that all the banking business in England was originally transacted by goldsmiths....
Bankers' cash notes
Bankers' cash notes, formerly called goldsmiths' notes, because bankers were originally goldsmiths. Written promises given by bankers to their customers as acknowledgments of having received money for their use, payable to bearer on demand and considered as money, and transferable from one person to another by delivery. Now seldom if ever made, their use having been superseded by the introduction of cheques....
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