sub-cash

Updated: October 24, 2025

They brought all their running Cash into one Bank, and settled a sub-Cash depending upon the Grand-Bank in every Province of the Kingdom; in which, by a strict Correspondence and crediting their Bills, they might be able to settle a Paper Credit over the whole Nation.

Daniel Defoe - The Consolidator : or, Memoirs of Sundry Transactions from the World in the Moon