circulating medium
noun
any coin or note passing, without endorsement, as a medium of exchange.
such coins or notes collectively.
Origin of circulating medium
First recorded in 1790–1800
Words nearby circulating medium
circularize,
circulate,
circulating capital,
circulating decimal,
circulating library,
circulating medium,
circulation,
circulator,
circulatory,
circulatory system,
circulus
Example sentences from the Web for circulating medium
You smile; but admit that our paper is worth nothing,—it answers as a circulating-medium; and we hold it all ourselves.
British Dictionary definitions for circulating medium
circulating medium
noun
finance
currency serving as a medium of exchange