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greenback - 5 dictionary results
green⋅back
[green-bak] 
–noun
| a U.S. legal-tender note, printed in green on the back since the Civil War, originally issued against the credit of the country and not against gold or silver on deposit. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To greenback
| green·back (grēn'bāk') n. A note of U.S. currency. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Greenback
Green"back"\, n. One of the legal tender notes of the United States; -- first issued in 1862, and having the devices on the back printed with green ink, to prevent alterations and counterfeits.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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greenback
"U.S. dollar bill," 1862, so called from the time of their introduction; bank paper money printed in green ink had been called this since 1778 (as opposed to redbacks, etc.).
Online Etymology Dictionary, © 2001 Douglas Harper
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Greenback
A slang term for American paper dollars.
Investopedia Commentary
Greenbacks got their name from their color however, in the mid-1800s "greenback" was a negative term. During this time, the Continental Congress did not have taxing authority. As a result the greenbacks did not have a secure financial backing and banks were reluctant to give customers the full value of the dollar.
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See also: Currency, Federal Reserve Bank, Federal Reserve Board - FRB, Fiat Money
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