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RESTRICTION OF CASH PAYMENTS

\ɹɪstɹˈɪkʃən ɒv kˈaʃ pˈe͡ɪmənts], \ɹɪstɹˈɪkʃən ɒv kˈaʃ pˈe‍ɪmənts], \ɹ_ɪ_s_t_ɹ_ˈɪ_k_ʃ_ə_n ɒ_v k_ˈa_ʃ p_ˈeɪ_m_ə_n_t_s]\

Definitions of RESTRICTION OF CASH PAYMENTS

1895 - Glossary of terms and phrases

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A power of issuing notes for which the holder cannot demand gold in exchange. This power was granted to the Bank of England in 1797, and resumed in 1820.

1895 - Glossary of terms and phrases
By Henry Percy Smith

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