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Assignat. An assignat ( [asiɲa]) was a monetary instrument, an order to pay, used during the time of the French Revolution, and the French Revolutionary Wars . France. Assignat from the 1792 issue: 400 livres.
Jul 22, 2022 · The assignat was a paper bill issued by France between 1789 and 1796, during the French Revolution (1789-1799). First issued in the form of bonds, assignats soon devolved into a paper currency, the mass production of which led to inflation and depreciation.
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Article History. assignat. Assignat of 15 sols, 1790s. assignat, paper bill issued in France as currency from 1789 to 1796, during the French Revolution. A financial expedient on the part of the Revolutionary government, the increasing issuance of the assignats resulted in inflation.
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Definition. The assignat was a paper bill issued by France between 1789 and 1796, during the French Revolution (1789-1799). First issued in the form of bonds, the assignat was meant to stimulate France's economy as a quick means to pay off national debt.
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assignats (ăs´Ĭgnăts, äsēnyä´), paper currency issued during the French Revolution. To redeem the huge public debt and to counterbalance the growing deficit, the revolutionary constituent assembly issued (Dec., 1789) treasury notes, called assignats, to the amount of 400 million livres at 5% interest.
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noun. as· si· gnat ˌa- (ˌ)sēn-ˈyä ˈa-sig-ˌnat. : a bill issued as currency by the French Revolutionary government (1789–96) on the security of expropriated lands. Word History. Etymology. French, from Latin assignatus, past participle of assignare. First Known Use. 1790, in the meaning defined above. Time Traveler.
