currency principle


noun

the principle that banks should be permitted to issue notes only against bullion or coin.

Nearby words

  1. currawong,
  2. currency,
  3. currency bar,
  4. currency bond,
  5. currency note,
  6. current,
  7. current account,
  8. current assets,
  9. current balance,
  10. current cost

Also called currency doctrine.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019