Two Name Paper- Federal Reserve Notes

[Gavilan]

Two Name Paper

A two name paper is a nickname assigned to a legal agreement for the purposes of a trade paper acceptance. Both trade acceptances and banker's acceptances can be called a two name paper. In order to bear this name, these instruments must carry two signatures, one for the drawer of the paper and one for the endorser of the paper, typically an accepter and a banker. Because two signatures are required, a two name paper is also sometimes referred to as a double-name paper.

promissory note, when the buyer is taking out a loan and promising to give it back.

https://www.investopedia.com/terms/t/two-name-paper.asp

[David Merrill]

Thank you Gavilan;

I love this website because of so many things to learn here!

[Gavilan]

You are welcome, my pleasure really!

[Gavilan]

They were planing on taking out the U.S. Notes.

[Gavilan]

[Gavilan]

https://www.nosue.org/banking/united-states-note-vs-federal-reserve-note/

[lorne]

"There is a mechanism by which you can put the IRS on notice that your earnings last year (and the year before that, etc.) are not federally connected*, and the money withheld due to a misunderstanding of the law should be returned to you. (You must be willing to accept payment by check.) The forms are provided on the IRS website. Form 1040 is the primary method to make your valid claim."

-Willie Shields

* as suitors we know this to include use of the commercial paper known as Federal Reserve credit.

[shikamaru]

Mighty fine thread here, Gavilan.

Kudos to you.

[marcel]

My friend and I borrowed money from a family member to finance a car. We drew up a Promissory Note detailing the payback terms; amount, due date, interest, penalty and so forth. It has two signatures... the 2 borrowers.

There are two clear benefits. One, we borrowed lawful money of the U.S... not Federal Reserve notes. Two, we got a better interest rate than the bank.

[David Merrill]

My friend and I borrowed money from a family member to finance a car. We drew up a Promissory Note detailing the payback terms; amount, due date, interest, penalty and so forth. It has two signatures... the 2 borrowers.

There are two clear benefits. One, we borrowed lawful money of the U.S... not Federal Reserve notes. Two, we got a better interest rate than the bank.

KUDOS, Marcel!

I hope the best for your family, and that it is a reliable car. Thank you for posting here.