cut money

noun

Definition of cut money

: a currency circulating in the West Indies and in parts of the American mainland in the 18th and early 19th centuries, obtained by cutting the Spanish American dollar or its fractions into halves, quarters, or eighths for use as small change — compare bit entry 3 sense 2b

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Cite this Entry

“Cut money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cut%20money. Accessed 27 Nov. 2021.

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