Krugerrand

[kroo-guh-rand, -rahnd]

Origin of Krugerrand

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British Dictionary definitions for krugerrand

Krugerrand

noun
  1. a South African coin used for investment only and containing 1 troy ounce of gold

Word Origin for Krugerrand

C20: from S. J. P. Kruger + rand 1
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

Word Origin and History for krugerrand

Krugerrand

n.

also Kruger rand, 1967, South African gold coin (issued for investment purposes) bearing a portrait of Transvaal President Stephanus Johannes Paulus Kruger (1825-1904); second element is rand, unit of decimal currency introduced in Republic of South Africa 1961, named for The Rand, gold-mining area in Transvaal, short for Witwatersrand (see rand).

Online Etymology Dictionary, © 2010 Douglas Harper