gold clause

gold clause
The provision of a contract, bond, or mortgage requiring payment in gold, all such clauses having been nullified by an Act of Congress in 1933. Norman v Baltimore & Ohio R. Co. 294 US 240, 79 L Ed 885, 55 S Ct 407, 95 ALR 1352.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • gold clause — A clause in a loan agreement between governments stipulating that repayments must be made in the gold equivalent of the currency involved at the time either the agreement or the loan was made. The purpose is to protect the lender against a fall… …   Big dictionary of business and management

  • gold clause — Provision formerly found in contracts, bonds and mortgages calling for payment in gold, though such clause is void today. Norman v. Baltimore & Ohio R. Co., 294 U.S. 240, 55 S.Ct. 407, 79 L.Ed. 885 …   Black's law dictionary

  • gold clause — Provision formerly found in contracts, bonds and mortgages calling for payment in gold, though such clause is void today. Norman v. Baltimore & Ohio R. Co., 294 U.S. 240, 55 S.Ct. 407, 79 L.Ed. 885 …   Black's law dictionary

  • gold clause — noun : a provision in a contract requiring payment to be made in gold coin or its equivalent …   Useful english dictionary

  • gold in the backyard — USA A target friendly provision of a merger agreement that expands the fiduciary out clause to permit the target company s board (board of directors)to change its recommendation to its stockholders if, after the agreement is signed, it becomes… …   Law dictionary

  • gold under the headquarters — USA A target friendly provision of a merger agreement that expands the fiduciary out clause to permit the target company s board (board of directors) to change its recommendation to its stockholders if, after the agreement is signed, it becomes… …   Law dictionary

  • Gold Coast Chargers — Infobox defunct rl club | clubname = Gold Coast fullname = Gold Coast Chargers previous names = Gold Coast Giants, Gold Coast Seagulls colours = Jade, black, anthony purple and gold founded = 1988 departed = 1998 sport = Rugby league league =… …   Wikipedia

  • gold or its equivalent — A clause which purports to establish the medium of payment of an obligation, meaning payment in gold or any kind of money which is legal tender. 40 Am J1st Paym § 58 …   Ballentine's law dictionary

  • Contract Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · …   Wikipedia

  • Moscow gold — Northern façade of the building of the Bank of Spain in Madrid. Most of the gold reserves held inside until 1936 were sent to the Soviet Union during the Spanish Civil War. The term Moscow Gold (Spanish: Oro de Moscú), or alternatively, Gold of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”