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standard dollar

noun

  1. the basic monetary unit of the U.S., since January 31, 1934, containing 15.2 grains of gold, 0.900 fine: previously contained 25.8 grains of gold, 0.900 fine.


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Word History and Origins

Origin of standard dollar1

An Americanism dating back to 1875–80

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Example Sentences

In 1785 the American standard was fixed at 375.64 grains of pure silver which became the unit of account, the standard dollar.

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standard deviationStandard English