Gold coin bond clause - Kinkasaikenyakkan

Japanese: 金貨債権約款 - きんかさいけんやっかん
Gold coin bond clause - Kinkasaikenyakkan

...A clause in a monetary credit contract that promises the debtor to pay a specific gold value (usually the gold value at the time of the contract) in order to protect the value of the credit from fluctuations in monetary value. It is usually divided into two types: the first is a gold coin clause or gold credit clause, which promises to pay in gold coins or a certain amount of gold with a purity and weight determined by the currency law at the time of the contract, and the second is a gold coin value clause or gold value clause, which promises to pay in currency with the same value as the gold coins or a certain amount of gold. Gold clauses are devised to guarantee the economic risk of creditors who make long-term loans or securities investments when price levels and exchange rates are expected to change significantly, and are mainly used in international transactions. ...

*Some of the terminology used in the "Gold Coin Credit Clauses" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…金銭債権契約の付款のひとつで,債権の本体の価値を貨幣価値の変動から守るため,特定の金価値(多くが契約時の金価値)をもって債務者が支払うことを約束する条項をいう。通常2種類に大別され,その1は,たとえば契約時の貨幣法が定める純分と量目の金貨もしくは金の一定量をもって支払うことを約束する金貨約款または金貨債権約款であり,第2は,その金貨ないし金の一定量と同一の価値をもつ貨幣をもって支払うことを約する金貨価値約款ないし金価値約款である。金約款は,物価水準や為替相場が大幅に変化することが見込まれる場合,長期にわたる貸付けや証券投資を行う債権者の経済的危険を担保するために考案されたもので,主として国際間の取引に用いられる。…

※「金貨債権約款」について言及している用語解説の一部を掲載しています。

出典|株式会社平凡社世界大百科事典 第2版について | 情報

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