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fractional currency

/ˈfrækʃənəl ˈkɜːrənsi/

1 entry

phrase

/ˈfrækʃənəl ˈkɜːrənsi/C1formalamericanbusinessobsolete
  • ruИсторический термин, обозначающий бумажные деньги мелкого номинала, выпускавшиеся в США во время и после Гражданской войны, обычно номиналом менее одного доллара, использовавшиеся в качестве замены дефицитных монет.

A historical term referring to small-denomination paper money issued in the United States during and after the Civil War, typically in values less than one dollar, used as a substitute for scarce coins.

  1. Small denomination moneyC1formal

    Coins or banknotes of a value less than the standard monetary unit of a country, used for small transactions.

    ruРазменная монета

    • In the 19th century, the US issued fractional currency due to a coin shortage.
    • Many countries use coins as fractional currency for everyday purchases.
    • The vending machine only accepts fractional currency like quarters and dimes.