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TeachMeFinance.com - explain Redback historic definition... Redback -- A name given to a non-interest-bearing treasury note of the former Republic of Texas, issued in 1838. The name was derived from the fact that the back of the note was printed in red. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.