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Greenback

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Greenback
A slang term for American paper dollars.

Notes:
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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