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

The money of account is dollars and cents, but, with the exception of the notes of the two local banks, the currency is British sterling.

From Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 6 "Groups, Theory of" to "Gwyniad" by Various

To this most advanced state, then, I accommodated my smartest coin in the decimal arrangement, as a money of payment, corresponding with the money of account.

From Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 1 by Randolph, Thomas Jefferson

Vellon, ve-lyōn′, n. a Spanish money of account.

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

Zuz, zōōz, n. a coin or money of account in New Testament times.

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

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