National Bank Act Of 1863

Business / Real Estate / National Bank Act Of 1863: In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform national currency to be issued by new national banks. The banks were required to purchase U.S. government securities as backing for their National Bank notes. In 1865, a 10-percent tax levied against State Bank notes essentially taxed those notes out of existence. From 1863 to 1877, National Bank notes were printed privately by the issuing banks. After 1877, the Bureau of Engraving and Printing, a division of the U.S. Department of the Treasury, assumed responsibility for printing all notes.

Other Words for Act

Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
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Other Words for National

National Noun Synonyms: nationalistic, nationalist, patriotic, jingoistic, chauvinistic
National Adjective Synonyms: nationwide, country-wide, state, governmental, civil, public, popular, federal
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Offsides

Entertainment / Ice Hockey / Offsides: When a player enters the attacking zone before the puck, and that player touches the puck. MORE

Offsite Improvements

Business / Real Estate / Offsite Improvements: Improvements made outside of a propertys boundaries, such as sidewalks and streets. MORE

Old Tavern Coffee Estate

Life Style / Coffee / Old Tavern Coffee Estate: A small, highly regarded producer of certified Jamaica Blue Mountain™ coffee using traditional wet processing methods. MORE

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