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fractional currency

noun
  1. coins or paper money of a smaller denomination than the basic monetary unit.
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Origin of fractional currency

An Americanism dating back to 1860–65
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for fractional currency

fractional currency

noun
  1. paper or metal money of smaller denomination than the standard monetary unit
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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