circulating medium
noun
any coin or note passing, without endorsement, as a medium of exchange.
such coins or notes collectively.
RELATED CONTENT
RELATED WORDS
Nearby words
circularize, circulate, circulating capital, circulating decimal, circulating library, circulating medium, circulation, circulator, circulatory, circulatory system, circulus
Origin of circulating medium
First recorded in 1790–1800
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for circulating medium
You smile; but admit that our paper is worth nothing,—it answers as a circulating-medium; and we hold it all ourselves.
British Dictionary definitions for circulating medium
circulating medium
noun
finance currency serving as a medium of exchange
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012