from the GNU version of the Collaborative International Dictionary of English.
- noun plural Five-twenty bonds of the United States (bearing six per cent interest), issued in 1862, '64, and '65, redeemable after
fiveand payable in twentyyears.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Five-twenty bonds of the United States (bearing six per cent interest), issued in 1862, '64, and '65, redeemable after five and payable in twenty years.
Sorry, no etymologies found.
Should Congress see fit to restrict the privilege of deposit to the bonds known as five-twenties, authorized by the act of last session, the demand would promptly absorb all of that description already issued and make large room for more.
Even if the system, based only on the bonds of short date, should ultimately succeed, the loss, in the interim, from a redundant and depreciated currency, would far exceed any benefit derived from the substitution of five-twenties for twenty year bonds.
When the Secretary first proposed this system in December, 1861, he probably would have succeeded with the five-twenties, in the condition at that date of the public credit.
Our twenty years 'loan is now barely at par, and the five-twenties below par.
On July 1 the sale of government five-twenties for the day amounted to $1,700,000.
Chapter VI 1917
When the news of the defeat at Chancellorsville reached New York, gold rose in price temporarily, but railroad stocks, at first unsettled, soon resumed their active advance, while government bonds remained steady and the subscription of the public to the five-twenties still went on.
Chapter V 1917
A sufficient credit was established, first with the citizens at home and later with investors abroad, to make a market for the millions of bonds in the two great issues, the so-called seven-thirties and five-twenties.
Abraham Lincoln Putnam, George H 1909
A new _arpeggio_ chord, but rather a faint and broken one, sounds in the five-twenties, or begins then.
I suppose when sold she will convert the proceeds into five-twenties to enable her to have means to be buried. '
Behind the scenes, 1907
This campaign to dispose of the five-twenties was the turning-point in war finance, and later borrowings encountered no such difficulties as those of 1862 and 1863.