fractional currency

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fractional currency

n.
Paper currency in denominations less than one dollar, issued by the US government from 1862-1876.

fractional currency

n
(Banking & Finance) paper or metal money of smaller denomination than the standard monetary unit

frac′tional cur′rency


n.
coins or paper money of a smaller denomination than the basic monetary unit.
[1860–65, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fractional currency - paper currency in denominations less than the basic monetary unit
folding money, paper currency, paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie