circulating medium

American  

noun

1. any coin or note passing, without endorsement, as a medium of exchange.

2. such coins or notes collectively.

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circulating medium British  

noun

1. finance currency serving as a medium of exchange

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Etymology

Origin of circulating medium

First recorded in 1790–1800

Example Sentences

See Examples For:

circulating medium

The local currency includes rings of gold, specially made as a circulating medium.

From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 2 "Fairbanks, Erastus" to "Fens" by Various

The circulating medium was brought to a sound basis.

From The South American Republics Part I of II by Dawson, Thomas C.

They pictured forth the lamentable results that would follow its passage, and the direful consequences that would ensue from an increase of the circulating medium of the country.

From Money: Speech of Hon. John P. Jones, of Nevada, On the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890 by Jones, John P. (John Percival)

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

In consequence of this law gold, long banished, became once more a circulating medium of exchange.

From Thomas Hart Benton by Roosevelt, Theodore