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  1. jesson cui's Avatar

    • Join Date: Mar 2008
    • Posts: 59
    #1

    Smile pay on the nail

    can someone enlighten me as to the derivation of the phrase "pay on the nail"? thanks.

    • Member Info
      • Native Language:
      • Bulgarian
      • Home Country:
      • Bulgaria
      • Current Location:
      • Bulgaria

    • Join Date: Sep 2007
    • Posts: 5,000
    #2

    Re: pay on the nail

    I'm not a teacher

    Hi jesson cui,

    pay on the nail = cash on the barrelhead = immediate payment, as in

    They won't extend credit; it's cash on the barrelhead or no sale

    The Nail = In the centre of The Limerick Stock Exchange is a pillar with a circular plate of copper about three feet in diameter, called The Nail, on which the earnest of all stock-exchange bargains has to be paid.

    Regards.

    V.

  2. jesson cui's Avatar

    • Join Date: Mar 2008
    • Posts: 59
    #3

    Re: pay on the nail

    hi,Vil. thank you for your help. i've learnt something from your post.

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