We've got 0 shorthands for gold clause »
Acronyms that contain the term gold clause
What does gold clause mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: gold clause.
Possible matching categories:
We couldn't find any results for your search.
Couldn't find the right meaning of gold clause?
Maybe you were looking for one of these abbreviations:
GOL, GOLA, GOLB, GOLC, GOLD, GOLD LEAF, GOLDEN, GOLDI, GOLDS, GOLF
... or use our Power Search technology to look
for more unique definitions from across the web!
Search the web
What does gold clause mean?
- Gold clause
- Gold clauses specified within business contracts allow the creditor the option to receive payment in gold or gold equivalent. A gold clause may prove valuable to the creditor in long term contracts, wherein questions may arise as to whether a currency in use at the time the contract was entered into would still have the same value when payment is due. Creditor concerns in respect to inflation, war, changes in government, and any other uncertainty about the future value of currency would be common reasons for adopting a gold clause within a contract. These clauses were common at the beginning of the 20th century. However, their use in the United States was invalidated by the Gold Clause Resolution of 1933 (Pub. Res. 73–10) and the Gold Reserve Act of 1934. Congress later reinstated their use for obligations (new contracts) issued after October 1977 in accordance with 31 U.S.C. § 5118(d)(2).On August 27, 2008, the United States Court of Appeals for the Sixth Circuit affirmed the enforceability of such clauses in the decision Jamaica Avenue, LLC vs S&R Playhouse Realty Co..
Know the definition for gold clause? Know the meaning of gold clause? Don't keep it to yourself!
Citation
Use the citation options below to add these abbreviations to your bibliography.
Style:MLAChicagoAPA
"gold clause." Abbreviations.com. STANDS4 LLC, 2024. Web. 31 May 2024. <https://www.abbreviations.com/gold%20clause>.
Discuss these gold clause abbreviations with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In