Whisky payments, also called “dram payments” or “gill payments,” are promissory notes or IOUs generally utilized in Scotland in the course of the 18th and nineteenth centuries. These payments served as a type of credit score, permitting people to buy items and providers on account, with the understanding that they’d settle their money owed at a later date, sometimes once they offered their subsequent batch of whisky.
Whisky payments performed a major position within the Scottish financial system, significantly 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 quick 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.
