asset currency

noun

Definition of asset currency

: currency secured exclusively by the general assets of the issuing bank as distinguished from that secured by special deposits (as of government bonds or commercial paper)

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Dictionary Entries Near asset currency

asset

asset currency

assets by descent

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Cite this Entry

“Asset currency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/asset%20currency. Accessed 8 Dec. 2021.

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