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gold certificate definition

☆ gold certificate

  1. Historical a type of U.S. paper currency redeemable in gold
  2. a certificate or its equivalent, representing a share of the U.S. gold reserve, issued to or redeemed from the Federal Reserve Banks when gold is bought or sold by the U.S. Treasury

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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