1099OID for promissory notes.

[allodial]

Is anyone familiar here with 1099OID forms and issuing their own notes?

Probably more to do with 1099-A than 1099-OID. However, under certain views of the law associated with bills of exchange and promissory notes every endorsement is a new issue. It may very well be that most people outside of the brokerage industry have no idea how to use a 1099-OID properly.

It may in fact be a treasury or exchequer-related document. However, monetary value requires fixed value. Unlimited or unknown values are not 'monetary' values.

[David Merrill]

Probably more to do with 1099-A then 1099-OID. However, under certain views of the law associated with bills of exchange and promissory notes every endorsement is a new issue.



It may in fact be a treasury or exchequer-related document. However, monetary value requires fixed value. Unlimited or unknown values are not 'monetary' values.

That would explain why this is such a slippery slope. The POMC's of the '90's functioned quite effectively on the presumption there was no definition for money. Hard to see it but that is exactly the same thing.

[allodial]

That would explain why this is such a slippery slope. The POMC's of the '90's functioned quite effectively on the presumption there was no definition for money. Hard to see it but that is exactly the same thing.

IMLEHO (LE= learned and experienced), the problem many have seemed to have is with failing to comprehend non-coin money like promissory notes in the right sense: as in the same way you might view what triggers an insurance policy or the like (it is triggered when only when liability is incurred). In other words, it seems that many have preferred to listen to sensationalist paytriot talk shows rather actually spend the time to read a treatise on promissory notes and bills of exchange. The exposure to liability is easy to figure out.

AFAIK, likely, within the FRB/money/SSN/tax/revenue districts: money == credit. Money can be credit or "accounting units" or it can be lawful money. But either way, there is likely some means of converting one thousand dollars in lawful money (1,0000) into to one thousand dollars worth of credit ($1,000.00) and vice-versa.