fractional currency

noun

Definition of fractional currency

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

First Known Use of fractional currency

1862, in the meaning defined at sense 1

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The first known use of fractional currency was in 1862

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Cite this Entry

“Fractional currency.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/fractional%20currency. Accessed 6 December 2019.

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