Examples of greenback in a Sentence
she threw a few greenbacks on the counter to pay for the drinks
Recent Examples of greenback from the Web
The Mexican peso was weaker early Monday at 20.10 pesos to the U.S. dollar, compared with 19.91 late Friday, but still stronger than its recent lows against the greenback.
In theory a rising greenback should allow Americans to buy more imports, stimulating foreign economies.
The greenback rose 5% against a basket of peers tracked by The Wall Street Journal in the second quarter, its first gain in more than a year.
Coffee futures extended a slump to a 29-month low as Brazil’s real continued to slide against the dollar, boosting the appeal of export sales priced in the greenback.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, dropped 3 percent during the quarter, the fifth consecutive quarterly drop.
There are lids festooned with flint arrowheads, Civil War Minie balls, Amtrak train keys, Pez dispensers — even $1 million in shredded greenbacks from the Federal Reserve Bank in San Antonio.
While this is less of a problem for investors willing to bet on the greenback and for foreign central banks that buy the debt to weaken their own currencies, some investors have opted to buy European or Asian government debt instead.
The dollar edged lower as CFTC data showed hedge funds are the most bearish on the greenback in five years.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'greenback.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of GREENBACK
What It Is
Greenback is a slang term for the U.S. dollar. This name is derived from the green color of U.S. paper currency.
How It Works
Since U.S. currency notes were first introduced in the early 1800s, their color has customarily been green. For several decades until the end of the American Civil War, the U.S. federal government was unable to fully back currency notes, and most banking authorities were unwilling to fully honor their face value. As a result, the term "greenback" began as a derogatory term that over time, evolved into common slang. Once dollar bill denominations were centrally issued and universally acceptable as a form of payment, other vernacular terms including "buck" were introduced into common language.
Why It Matters
The term greenback is not used as frequently as it once was – particularly where the color of American currency has changed in recent years. Although the connotation of the term is no longer derogatory as it once was, it is important to recognize the historical origins for the term "greenback."
GREENBACK Defined for English Language Learners
Definition of greenback for English Language Learners
: a piece of U.S. paper money
Seen and Heard
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