Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Dead Presidents

What it is:

In the finance world, dead presidents are slang for U.S. currency.

How it works (Example):

The term comes from the pictures of the former U.S. presidents, all of whom are deceased, that appear on the face of American currency. Though presidents appear on U.S. coins, the term generally refers to paper currency. The presidents on U.S. bills are:

$1: George Washington
$2: Thomas Jefferson
$5: Abraham Lincoln
$10: Alexander Hamilton
$20: Andrew Jackson
$50: Ulysses S. Grant
$100: Benjamin Franklin (note: Benjamin Franklin was not a U.S. president)
$500: William McKinley
$1,000: Grover Cleveland
$5,000: James Madison
$10,000: Salmon P. Chase (note: Salmon P. Chase was not a U.S. president)
$100,000: Woodrow Wilson

Why it Matters:

Like any other industry, the finance world has its own slang and colorful language.