Sawbuck

AAA

DEFINITION of 'Sawbuck'

A slang term for a U.S. $10 bill. Sawbuck refers to a rack used for holding wood for sawing that has a shape similar to the letter X. The U.S. Treasury initially used Roman numerals on its banknotes, and ten is represented by X in Latin. This term became popular in the 19th century.

INVESTOPEDIA EXPLAINS 'Sawbuck'

The use of sawbuck as a type of slang has declined over the years, partially as Roman numerals have become less commonly-used on currencies and because fewer people are familiar with carpentry's use of sawbucks. Roman numerals appeared on U.S. currency before the creation of the Federal Reserve.

RELATED TERMS
  1. Greenback

    A slang term for U.S. paper dollars. Greenbacks got their name ...
  2. Loonie

    Colloquial term that refers to the $1 Canadian coin, and also ...
  3. Kiwi

    A slang term for the New Zealand dollar (NZD). It derives its ...
  4. Swissie

    A slang term for the Swiss franc. The Swiss franc, or Swissie, ...
  5. WM/Reuters Benchmark Rates

    Spot and forward foreign exchange rates that are used as standard ...
  6. Bitcoin Mining

    Bitcoin mining is the process by which transactions are verified ...
Related Articles
  1. Top 8 Most Tradable Currencies
    Forex Education

    Top 8 Most Tradable Currencies

  2. The Greatest Currency Trades Ever Made
    Forex Education

    The Greatest Currency Trades Ever Made

  3. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

  4. Top 7 Questions About Currency Trading ...
    Forex Education

    Top 7 Questions About Currency Trading ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center