A term used informally to refer to the U.S. ten dollar Bill. The slang is sometimes still used by Interbank forex traders to refer to a Dealing amount of $10 million dollars and comes from a tool known as a sawbuck used by carpenters to hold wood when sawing it. The tool is shaped like the X that the ancient Romans used to represent the number ten and which appeared on ten dollar banknotes issued by the U.S. Treasury before the Federal Reserve was founded.
Browse by Subjects
beneficial occupier
capital adequacy
Monte Carlo method