fractional currency

noun

1
: paper money in denominations of less than one dollar issued by the U.S. 1863–76
2
: currency in denominations less than the basic monetary unit

Word History

First Known Use

1862, in the meaning defined at sense 1

Time Traveler
The first known use of fractional currency was in 1862

Dictionary Entries Near fractional currency

Cite this Entry

“Fractional currency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fractional%20currency. Accessed 13 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!