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circulating medium

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noun
  1. any coin or note passing, without endorsement, as a medium of exchange.
  2. such coins or notes collectively.
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Origin of circulating medium

First recorded in 1790–1800
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for circulating medium

Historical Examples

  • You smile; but admit that our paper is worth nothing,—it answers as a circulating-medium; and we hold it all ourselves.

    The Atlantic Monthly, Volume 14, No. 83, September, 1864

    Various

British Dictionary definitions for circulating medium

circulating medium

noun
  1. finance currency serving as a medium of exchange
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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