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(a)In this section— (1) “buying rate” means the buying rate in the market in New York, New York, for cable transfers payable in the currency of a foreign country to be converted. (2) when merchandise is exported on a day that banks are generally closed in New York, the buying rate at noon on the last prior business day […]

Article I Article I describes the design of the legislative branch of US Government — the Congress. Important ideas include the separation of powers between branches of government (checks and balances), the election of Senators and Representatives, the process by which laws are made, and the powers that Congress has. Learn more… Primary tabs Section 1. […]

(a) In this section– (1) “gold clause” means a provision in or related to an obligation alleging to give the obligee a right to require payment in– (A) gold; (B) a particular United States coin or currency;  or (C) United States money measured in gold or a particular United States coin or currency. (2) “public debt obligation” means a domestic obligation […]

(a) The faith of the United States Government is pledged to pay, in legal tender, principal and interest on the obligations of the Government issued under this chapter. (b) The Secretary of the Treasury shall pay interest due or accrued on the public debt. As the Secretary considers expedient, the Secretary may pay in advance […]