Golden bill
Golden bill - a bill, secured by gold or other precious metalsbelonging to his principal debtor - or acceptor suskripteru. In the U.S., such as promissory notes, redeemable on demand in gold coins of standard weight and gold content in the same way thatgold and bonds. Joint resolution of the Senate and U.S. House of Representatives on June 5, 1933, determined that any provision contained in debt, implying the right of the lender to demandrepayment of obligations in gold or a certain type of coins orcurrency, is directed against the public interest. Consequently, allobligations must be repaid by legal tender, which, according to thisjoint resolution and the Emergency Law on Banks, 1933, are allmetal and paper money the United States.
