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

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

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

Hitherto there were four sorts of colonial money of account all differing from sterling, while Mexican dollars and numberless other forms of foreign money were in actual circulation.

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

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

In this fashion commodities express by their prices how much they are worth, and money serves as money of account whenever it is a question of fixing the value of an article in its money-form.

From The World's Greatest Books — Volume 14 — Philosophy and Economics by Hammerton, John Alexander, Sir