(or Fdg.). Funding.
To "own in fee " is to have absolute possession of. Feeder. A branch, tributary, or smaller connecting transportation company, which originates or collects, freight, passengers, etc., and " feeds " its business into a larger company. Branch lines of a railroad are called its " feeders."
A landed estate belonging to the owner and his heirs and assigns forever.
See end of book.
See " Addenda."
Money which a government declares shall be accepted as legal tender at its face value; money issued by a government which is supposed to have the power to enforce its acceptance, within its own dominions, in payment of debts. As generally understood "fiat money " has no real value, or at least lesser value than its face. In the latter case, the difference between the real and face value is " fiat money."
To "finance" an enterprise is to raise the necessary money for its needs.
"Bills of exchange" (which must first be understood) on foreign countries issued by American bankers against credits or loans granted them by bankers in other countries, and not against shipments of goods. The terms on which the credits are granted, and whether or not it is necessary to pledge bonds, stocks, or other collateral, as security, is a matter for arrangement between the different parties.
See " Savings Bank."
In the United States, the "holding company" (to which refer) is commonly known as a " finance company," but the meaning in England is totally different. There the term has reference to companies dealing in corporation securities.
On the 14th of March, 1900, there was approved an Act of Congress to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes, which is commonly known as the " Financial Bill." It is also referred to as the "Gold Standard Act " and "Currency Act." The essence of this bill, in addition to what the reader will find under " Gold Reserve," was to define and fix the standard of value as follows:
"That the dollar consisting of twenty-five and eighttenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity."