Whisky payments, also referred to as “dram payments” or “gill payments,” are promissory notes or IOUs generally utilized in Scotland through the 18th and nineteenth centuries. These payments served as a type of credit score, permitting people to buy items and companies on account, with the understanding that they’d settle their money owed at a later date, usually once they bought their subsequent batch of whisky.
Whisky payments performed a big position within the Scottish economic system, notably within the Highlands, the place whisky manufacturing was a serious business. They facilitated commerce and commerce, permitting distillers and retailers to conduct enterprise even when they didn’t have fast entry to money. Whisky payments additionally offered a level of monetary flexibility, enabling people to make purchases with out having to deplete their financial savings or depend on formal loans.
