English definition of Seven-thirties

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Definition of seven-thirties

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Seven-thirties (n. pl.) A name given to three several issues of United States Treasury notes, made during the Civil War, in denominations of $50 and over, bearing interest at the rate of seven and three tenths (thirty hundredths) per cent annually. Within a few years they were all redeemed or funded..

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Seven-thirties :: Seven-thirties (n. pl.) A name given to three several issues of United States Treasury notes, made during the Civil War, in denominations of $50 and over, bearing interest at the rate of seven and three tenths (thirty hundredths) per cent annually. Within a few years they were all redeemed or funded..