fractional coins

fractional coins
Metal currency minted in denominations of 50, 25, and 10 cents, and minor coins (5 cents and 1 cent). Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Fractional-reserve banking — is the banking practice in which banks keep only a fraction of the value of their bank notes and demand deposits in reserve and invest the balance in interest earning assets while maintaining the obligation to redeem all bank notes and demand… …   Wikipedia

  • fractional currency — ☆ fractional currency n. small coins or paper money of a denomination less than the standard monetary unit [dimes and pennies are fractional currency] …   English World dictionary

  • fractional currency — coins or paper money of a smaller denomination than the basic monetary unit. [1860 65, Amer.] * * * …   Universalium

  • Fractional reserve banking — Banking A series on Financial services …   Wikipedia

  • Coins of the United States dollar — United States coinage was first minted by the new republic in 1792. New coins have been produced every year since then and they make up a valuable aspect of the United States currency system. Today circulating coins exist in denominations: $0.01 …   Wikipedia

  • Coins of the Philippine peso — Philippine peso coins are issued by the Bangko Sentral ng Pilipinas for circulation in the Philippines and are currently available in seven denominations. Contents 1 History 2 Formerly circulating coins 2.1 English Series …   Wikipedia

  • fractional currency — noun paper currency in denominations less than the basic monetary unit • Hypernyms: ↑paper money, ↑folding money, ↑paper currency * * * noun 1. : paper money in denominations of less than one dollar issued by the United States 1863 76 2. :… …   Useful english dictionary

  • fractional currency — frac′tional cur′rency n. num coins or paper money of a smaller denomination than the basic monetary unit • Etymology: 1860–65, amer …   From formal English to slang

  • fractional currency — /ˈfrækʃənəl ˌkʌrənsi/ (say frakshuhnuhl .kuruhnsee) noun coins or paper money of a smaller denomination than the principal monetary unit …  

  • Dominican dollar — The history of currency in the British colony of Dominica closely follows that of the British Eastern Caribbean territories in general. Even though Queen Anne s proclamation of 1704 brought the gold standard to the West Indies, silver pieces of… …   Wikipedia

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