Word: lieu
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Dates: during 1980-1989
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Although the nation does not seem ready to return to the gold standard, the soaring prices of precious metals are encouraging one company to have a go at using silver in lieu of money. Sunshine Mining Co., owner of the country's largest silver mine, the Sunshine in the Coeur d'Alene mining district of Idaho, plans to raise $50 million to expand mining operations by issuing silver-backed bonds. In the 19th century bonds were redeemable in gold, but American companies have not offered securities supported by precious metals since...
...Given the situation, probably most members of the board are now in favor of having the classes in lieu of the stage time," she said...