the principle that banks should be permitted to issue notes only against bullion or coin.
Principal vs. PrincipleIs the head of a school called a principal or a principle? These two words are frustratingly similar, leaving even the most experienced English speakers to second-guess which word means what.
Also called currency doctrine.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019