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.
It was the first money I had ever earned—my only transactions with the circulating medium before that time, having been to spend it, as fast as it could be obtained from a fond father.
From Lost Lenore The Adventures of a Rolling Stone by Beach, Charles A.
As gold becomes plenty, it will be employed for other uses, sauce-pans perhaps, as well as for the increase of the circulating medium.
From Dealings with the Dead, Volume I (of 2) by School, A Sexton of the Old
Can such notes be constituted a legitimate circulating medium having a defined legal value?
From Monopolies and the People by Cloud, D. C.
It will give assurance to our languishing industries that the volume of our circulating medium is not to continue shrinking, and that the tendency of prices shall no longer be downward.
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)
Constitutional powers, of the kind last mentioned—that is, the power to ordain a standard of value and to provide a circulating medium for a legal tender—are subject to no mutations of any kind.
From Monopolies and the People by Cloud, D. C.
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.
