Talk:World War Adjusted Compensation Act

Latest comment: 6 years ago by AzaToth in topic Inconsistencies

Inconsistencies

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Under provisions it says "It set maximum payments at $500 for a veteran who served stateside and $625 for a veteran who served overseas.", but the included image identifies a payment of $1561. I'm unable to locate the source in that reference, so I cannot dig deeper. AzaToth 21:10, 25 July 2017 (UTC)Reply

The difference between the maximum amount and the face value of this certificate which was based on the redemption date in 1945, appears to reflect the fact that these were interest-bearing. The limitation applied to the initial amount which would be based on those aforementioned limits. It was altered in 1936 by another law to actually allow for higher interest payments, based on a new special bond issue, similar to US Savings Bonds but paying higher interest.