Friday, July 31, 2009

WHY IS MONEY REFERRED TO AS 'BUCKS?'


In the old days, when people wanted to buy something, they usually traded or bartered what they had. When a hinter (supplier) wanted grain form a farmer, he usually traded animal skin or dried meat for it. The term ‘buck’ is actually the short form of ‘buckskin.’ A buck, as you know is a male deer; ‘buck skin’, therefore, is the skin of this deer. Hunters, when they did business made use of ‘buckskins.’ Later on, with passage of time the word ‘buckskin’ in everyday conversation was shortened to ‘buck’. When paper money was introduced much later, people began to call it ‘buck’.

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