money of account

American  

noun

1. a monetary denomination used in reckoning, especially one not issued as a coin, as the U.S. mill.

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money of account British  

noun

1. another name (esp US and Canadian) for unit of account

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Etymology

Origin of money of account

First recorded in 1685–95

Example Sentences

See Examples For:

money of account

Toque, tōk, n. a form of hat or cap worn in the 16th century: a modern close-fitting brimless bonnet for women: an African nominal money of account, equal to 40 cowries: the bonnet-macaque.

From Chambers's Twentieth Century Dictionary (part 4 of 4: S-Z and supplements) by Various

The franc is now the unit of the monetary system and also the money of account in France, as well as in Belgium and Switzerland.

From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 7 "Fox, George" to "France" by Various

Having possession of the mints, the right of coinage vesting in the lord, the rulers of previous centuries have covered the pages of history with the records of successive debasements of the money of account.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

The motley jumble of coins in use were rated in Halifax currency, a mere money of account or bookkeeping standard, with no actual coins to correspond, adapted to both English and United States currency systems.

From The Canadian Dominion; a chronicle of our northern neighbor by Skelton, Oscar Douglas

Page 157 1 The peso was a money of account, commonly supposed to be worth fifteen reals vellón.

From The Philippine Islands, 1493-1803 — Volume 03 of 55 1569-1576 Explorations by Early Navigators, Descriptions of the Islands and Their Peoples, Their History and Records of the Catholic Missions, as Related in Contemporaneous Books and Manuscripts, Showing the Political, Economic, Commercial and Religious Conditions of Those Islands from Their Earliest Relations with European Nations to the Beginning of the Nineteenth Century by Blair, Emma Helen