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money of account

   Also found in: Wikipedia 0.03 sec.
money of account
n.
A monetary unit in which accounts are kept and that may or may not correspond to actual current denominations.
money of account
n
(Economics) another name (esp US and Canadian) for unit of account


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* Before the Revolution, each province had its own money of account though neither coined any but copper pieces.
The Pioneers by Cooper, James Fenimore View in context
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