World War Adjusted Compensation Act

The World War Adjusted Compensation Act, or Bonus Act, was a United States federal law passed on May 19, 1924, that granted a life insurance policy to veterans of military service in World War I. It was based on aggressive political lobbying by new veterans organizations. The actual payout was promised for 1945, but veterans would get a certificate immediately and they could borrow against it from banks.

Source: Wikipedia — World War Adjusted Compensation Act (CC BY-SA 4.0)