circulating medium
Americannoun
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any coin or note passing, without endorsement, as a medium of exchange.
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such coins or notes collectively.
noun
Etymology
Origin of circulating medium
First recorded in 1790–1800
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
These coupons were of no value as a circulating medium, and consequently would deprive the State of all means of carrying on the government if they were successful.
From Life Gleanings by T. J. Macon
This plan affords France a market for her bills, Spain a cheap and easy way of bringing her money home, and America a circulating medium, which enables her to tax with advantage.
From The Diplomatic Correspondence of the American Revolution Volume 7. by Various
His circulating medium was not strong enough to warrant the output, so he retired in disgrace.
From Bolanyo by Opie Percival Read
The history of all commercial countries shows that the precious metals can constitute but a small part of this circulating medium.
From The Works of Daniel Webster, Volume 1 by Daniel Webster
Ordinarily, the laws of trade, of demand and supply, will regulate and equalize the distribution of the circulating medium over the country.
From Monopolies and the People by D. C. Cloud
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
