silver certificate


A certificate that indicates that its holder has a right to a certain amount of silver. Silver certificates were created to allow investors to purchase silver without having to physically take possession of it. The silver standard was used the United States until the 1870s, until the country switched to the gold standard, which the United States used until the 1930s.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
silver silver ETF