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

The denominations of the colonial money of account were also still in daily use, and, indeed, might be heard so late as the Civil War.

From History of the United States, Volume 2 by Elisha Benjamin Andrews

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 Thomas Jefferson Randolph

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

Sester′tium, a money of account equal to 1000 sestertii.

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

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 Emma Helen Blair