money of account

noun phrase

: a denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent coin or denomination of paper money

Word History

First Known Use

1691, in the meaning defined above

Time Traveler
The first known use of money of account was in 1691

Dictionary Entries Near money of account

Cite this Entry

“Money of account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/money%20of%20account. Accessed 22 May. 2024.

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