(See " Comparisons.")
An agreement whereby a creditor accepts part payment in lieu of an entire debt due.
See " Simple Interest."
Comptroller of the Currency. "There shall be in the Department of the Treasury a bureau charged with the execution of all laws passed by Congress relating to the issue and regulation of a national currency secured by United States bonds, the chief officer of which bureau shall be called the Comptroller of the Currency, and shall perform his duties under the general direction of the Secretary of the Treasury.' He has, in effect, control of all national banks.
See " National Bank Call."
(or Consol.). Consolidated.
A recently coined Wall Street phrase indicating the value of a property greater than appears by its published statements, and which accounts for certain stocks selling at figures seemingly very high, judged only from their dividend paying records.
1 National Bank Act.
Swindling. (See " Gold Brick.")
"To confirm" is to reduce to writing an order or agreement previously given or made verbally.
One appointed by a court to manage the property of a lunatic, idiot, or other person incapable of managing his affairs.
The one who ships goods. The opposite to the "consignee," who receives them.
Issued by the National City Bank of New York to represent ownerships in the " Consols " (to which refer) of Great Britain and Ireland, and which, at one time, were traded in here in America in lieu of the original "consols."
1 F. M. Burdick.