Tiercering
The Tiercering (from the French word tierce, meaning a third) refers to a historical event in the Netherlands on July 9, 1810, when Emperor Napoleon imposed a reduction of interest to one third of the norm on Dutch government bonds. Because of economic problems and general war conditions, the Kingdom of Holland, which had just been annexed by France, was receiving less income than it was paying out in interest, and therefore the Treasury could no longer bear to pay the interest rates on perpetual bonds.
primaryTopic
Tiercering
The Tiercering (from the French word tierce, meaning a third) refers to a historical event in the Netherlands on July 9, 1810, when Emperor Napoleon imposed a reduction of interest to one third of the norm on Dutch government bonds. Because of economic problems and general war conditions, the Kingdom of Holland, which had just been annexed by France, was receiving less income than it was paying out in interest, and therefore the Treasury could no longer bear to pay the interest rates on perpetual bonds.
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De tiërcering (van Frans: tier ...... ts een derde deel rente geven.
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The Tiercering (from the Frenc ...... of the interest would be paid.
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Wikipage page ID
34,547,686
Wikipage revision ID
744,646,770
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De tiërcering (van Frans: tier ...... erd er helemaal niets betaald.
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The Tiercering (from the Frenc ...... rest rates on perpetual bonds.
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Tiercering
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Tiërcering
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