"Single entry bookkeeping," as its name signifies, is a method by which only one entry is made, as distinguished from "double entry bookkeeping." " Single entry " differs from "double entry" in that by the former method each entry necessitates but a single debit or credit, which will be more readily understood if the reader will turn to the subject "Double Entry Bookkeeping." It will be seen by this that under " single entry," the only accounts are those with parties dealt with, and only transactions which involve the debiting or the crediting to such parties appear in the books. This system requires but one book - a ledger - which was the only book formerly used; but now this has been modified to include day book and cash book.
Single-Name Paper. A note for which a single individual, firm, or corporation is responsible for payment; a note bearing but one signature and without indorsers. Also mentioned as "single names" and "straight paper."
It is not often nowadays that bonds are issued with "sinking fund" as the principal title, but generally with some such nomenclature as "First mortgage 4% sinking fund bonds." Formerly, bonds were occasionally issued as simply "sinking fund" bonds, notably, the Union Pacific Sinking Fund issue which matured in 1899. As a matter of fact, any bond may be a "sinking fund" bond, the sinking fund feature being simply one of the provisions provided for in the deed of trust, for a better understanding of which see "Sinking Fund."
Sixteen to One. By the ratio of " 16 to 1 " it is understood that the mint values of sixteen ounces of silver and one ounce of gold shall be equal; in other words, sixteen ounces of silver and one ounce of gold shall be each coinable into an equal number of standard dollars. As a matter of fact, the United States standard ratio is not exactly 16 to 1, but 15.988 to 1.