Simple English definitions for legal terms
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Term: Shin plaster
Definition: Shin plaster is a slang term used in history to describe two things. Firstly, it refers to a bank note that has lost its value and is worth very little, especially the paper money used in the Republic of Texas compared to the U.S. dollar. Secondly, it refers to paper money that is less than one dollar in value.
Definition: Shin plaster is a slang term used in history to refer to paper money that has lost its value or is worth less than its face value. It can also refer to paper money in denominations less than one dollar.
Examples:
The examples illustrate how shin plaster was used to describe paper money that was not worth its face value. In the case of the Republic of Texas bank note, it was worth less than a U.S. dollar due to inflation and other economic factors. The denominations of 25 cents and 50 cents were also considered shin plaster because they were not worth much and were often used for small transactions.