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

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Example Sentences

See Examples For:

circulating medium

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 the language of commerce "money" has two meanings: currency, or the circulating medium; and capital seeking investment, especially investment on loan.

From A System of Logic: Ratiocinative and Inductive 7th Edition, Vol. II by John Stuart Mill

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

The currency of the State banks, fairly worthless, was nearly the only circulating medium.

From Lincoln, the Politician by T. Aaron Levy

Its establishment originated in the imperious obligation imposed on every government to furnish its people with a circulating medium for their commerce.

From The Works of Daniel Webster, Volume 1 by Daniel Webster

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