Interesting insight into SDR's (Special Drawing Rights).
Click Here.
Interesting insight into SDR's (Special Drawing Rights).
Click Here.
Perhaps this serves to translate:
"Since we lack any ability to pay you in lawful money of the United States the account allows us to pay you through some other means."
All rights reserved. Without prejudice. No liability assumed. No value assured.
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.
What a Key!!
From what I recall, a note is for the most part held valid only if it is payable in money. or bill of exchange is payable in money only. As in, it doesnt involve a requirement of the drawee or maker to deliver anything but money. However, I do recall a rare mention in a treatise on money that mentioned how it might be possible for a promissory note to be payable in money but somehow be finalized in goods. However, if credit is somehow or at some point declared to be money then a promissory note payable in credit in such a forum it seems would be valid.
Last edited by allodial; 09-29-13 at 10:14 PM.
All rights reserved. Without prejudice. No liability assumed. No value assured.
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.
That connects a few more dots - thank you.
Originally Posted by allodial
Simply put: measured assessment of a situation. Good one allodial.
By the United States in Congress assembled. August 8, 1786
Investor words
Last edited by Chex; 09-30-13 at 12:46 PM.
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