money of account


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Related to money of account: Unit of account

money of account

n.
A monetary unit in which accounts are kept and that may or may not correspond to actual current denominations.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

money of account

n
(Economics) another name (esp US and Canadian) for unit of account
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

mon′ey of account′


n.
a monetary denomination used in reckoning, esp. one not issued as a coin, as the U.S. mill.
[1685–95]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
References in classic literature ?
* Before the Revolution, each province had its own money of account though neither coined any but copper pieces.
From the time of Charlemagne to about 1250, there was only one minted coin struck in Europe, the silver denarius, and only one money of account, the pound of 240 denarii.