money of account

English - English

Definition of money of account in English English dictionary

A denomination of value used in keeping accounts, for which there may, or may not, be an equivalent coin

A monetary unit in which accounts are kept and that may or may not correspond to actual current denominations

Hyphenation

mon·ey of ac·count

Turkish pronunciation

mʌni ıv ıkaunt

Pronunciation

/ˈmənē əv əˈkount/ /ˈmʌniː əv əˈkaʊnt/

Etymology

[ 'm&-nE ] (noun.) 14th century. Middle English moneye, from Middle French moneie, from Latin moneta mint, money; more at MINT.