Daily AncestorAdjusted compensation
Adjusted compensation was the World War I veterans' bonus of 1924: $1 a day for home service and $1.25 a day overseas, mostly paid as a certificate due in 1945.
The World War Adjusted Compensation Act of May 19, 1924, passed over President Coolidge's veto, credited service between April 5, 1917, and July 1, 1919. Veterans owed less than $50 were paid in cash; most received an adjusted service certificate, a 20-year insurance-like note redeemable in 1945.
Veterans could borrow against the certificates from 1927, and Depression demands for early payment led to the 1932 march on Washington. In 1936 Congress replaced the certificates with bonds that could be cashed at once. Some states, such as Washington, paid their own bonuses, and those application files include copies of discharge papers.
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Daily Ancestor. "Adjusted compensation." Dictionary of Old Record Words. https://dailyancestor.com/dictionary/military/adjusted-compensation. Last checked 2026-10-12.