Nest egg
A nest egg is, with reference to the groschen coin, which used to be very widespread, an amount of money set aside or saved or hoarded for unforeseen emergencies or times of need . In the Duden dictionary , the nest egg is defined as "money that you save, so that you can fall back on it in emergencies and unforeseen situations". As an alternative names in Germany need is pfennig and Switzerland Not batzen used.
At the end of the 16th century, Julius , Duke of Braunschweig-Wolfenbüttel , demanded that every house owner owned a so-called Julius redeemer or looser in the form of a nest egg or penny, depending on their wealth . In Pierer's Universal Lexikon of 1860 it says: “Duke Julius wished that each of his subjects had an emergency penny in cash; for this he had these pieces minted, of which every homeowner had to redeem one, ”which is where the name Lösetaler came from.
The nest egg should not be confused with the emergency coin or emergency money , which is a substitute means of payment that is independent of individual personal needs .
Individual evidence
- ^ Notgroschen in duden.de, accessed on January 8, 2013
- ^ Variant dictionary of German, De Gruyter, p. 532, online
- ^ Herder's Conversations Lexicon. Freiburg im Breisgau 1855, Volume 3, p. 515., online at zeno.org
- ^ Meyers Großes Konversations-Lexikon, Volume 10. Leipzig 1907, p. 365., online at zeno.org
- ↑ Pierer's Universal Lexikon, Volume 10. Altenburg 1860, p. 525., online at zeno.org
