money of account

American  

noun

1. a monetary denomination used in reckoning, especially one not issued as a coin, as the U.S. mill.

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money of account British  

noun

1. another name (esp US and Canadian) for unit of account

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Etymology

Origin of money of account

First recorded in 1685–95

Example Sentences

Sester′tium, a money of account equal to 1000 sestertii.

From Chambers's Twentieth Century Dictionary (part 4 of 4: S-Z and supplements) by Various

The franc is now the unit of the monetary system and also the money of account in France, as well as in Belgium and Switzerland.

From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 7 "Fox, George" to "France" by Various

Between 1280 and 1284 Venice also struck 629 a gold coin, known first as the ducat, afterwards as the zecchino or sequin, the ducat becoming merely a money of account.

From Encyclopaedia Britannica, 11th Edition, Volume 8, Slice 8 "Dubner" to "Dyeing" by Various

Anna, an Anglo-Indian money of account, the sixteenth part of a rupee, and of the value of one penny; it is divided into four pice.

From The New Gresham Encyclopedia. Vol. 1 Part 2 Amiel to Atrauli by Various

The denominations of the colonial money of account were also still in daily use, and, indeed, might be heard so late as the Civil War.

From History of the United States, Volume 2 by Andrews, Elisha Benjamin