In so far as the former process is depended upon, means are devised to make sure that the notes shall persistently return to the issuer even against his will--they shall have good homing power.
By the second process, it is made to the advantage of the issuer of the notes to hasten their withdrawal himself.
The return of the notes to the issuer seems not to be impeded by the inconvenience or expensiveness of the process.
The quantity of a paper currency not convertible into the metals at the option of the holder can be arbitrarily fixed; especially if the issuer is the sovereign power of the State.
It can be viewed now only in the light of its present usefulness, and as an issuer of money it is of no use whatever.
A convertible paper money consists of promises that are always kept by the issuer according to their terms, that is to say, that are paid in specie at the will of the holder.
This is the simple secret of the depreciation of inconvertible money so soon as the amount of it passes a certain limit, and so soon as a certain time has elapsed after its issue and the issuer shows no signs of keeping his word.
It is always a Promise of some Issuer to pay to bearer One Dollar, that is to say, this legal and definite quantity of a precious metal.
The Issuermay be of such standing as to be able to secure for his promises that they become "a current and legal measure of Services"; and if so, they become Money under the definition.
Illustration] [Illustration] On some the issuer has, as will occasionally be met with by the collector, introduced some remarkably quaint inscriptions.
An idea occurred to him, and on looking through the city directory, as a sort of last chance, he found the name "Matthew Simpson, issuer of marriage licenses.
The quantity of a paper currency not convertible into the metals at the option of the holder can be arbitrarily fixed, especially if the issuer is the sovereign power of the state.
In the “field,” or centre, of the coin there was generally a device, which usually represented the sign under which the issuer traded.
In both cases a rebus or pun on the name of the issuer is, of course, intended.
Fiduciary money is that on which regularly the issuer makes a seigniorage charge.
The issuer promises in one form or another, expressly or tacitly, that he intends to redeem the note, almost valueless in itself, in real goods; and the value of this promise depends on the probability of its fulfillment.
In 1806 he was for one thing, we find, issuer of Marriage Licences at York.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "issuer" in a variety of sentences. We hope that you will now be able to make sentences using this word.
