currency


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Related to currency: currency rate, Cuban currency

currency

noun bank notes, bills, cash, circulating medium, coin, government notes, hard cash, legal tender, medium of exchange, moneta, money, money in actual use, notes, paper money, ready money, specie
Associated concepts: lawful currency
See also: cash, disclosure, money, publication

CURRENCY. The money which passes, at a fixed value, from hand to hand; money which is authorized by law.
     2. By art. 1, s. 8, the Constitution of the United States authorizes congress "to coin money, and to regulate the value thereof." Changes in the currency ought not to be made but for the most urgent reason, as they unsettle commerce, both at home and abroad. Suppose Peter contracts to pay Paul one thousand dollars in six months-the dollar of a certain fineness of silver, weighing one hundred and twelve and a half grains-and afterwards, before the money becomes due, the value of the dollar is changed, and it weighs now but fifty-six and a quarter grains; will one thousand of the new dollars pay the old debt? Different opinion may be entertained, but it seems that such payment would be complete; because, 1. The creditor is bound to receive the public currency; and, 2. He is bound to receive it at its legal value. 6 Duverg. n. 174.

References in periodicals archive ?
The report then analyze the global Currency Detector market size (Volume and value), the sales segment market is also discussed by product type, application and region.
Both Section 987 and the 1991 proposed regulations require the taxable income or loss of a Section 987 QBU be computed in its functional currency and then translated at the average exchange rate (generally, an average of the daily exchange rates) into the functional currency of its owner.
The Tax Reform Act of 1986 (TRA '86) added to the Code subpart J (foreign currency transactions) and Sec.
Take Thailand, for example, where the Asian currency crisis began.
said, "while a number of economies continue to use pegged exchange rates and/or intervene in foreign exchange markets, a peg or intervention does not in and of itself satisfy the statutory test for currency manipulation.
But Caterpillar and Komatsu seem to have decided that it makes little sense to bet their businesses on the uncontrollable, perhaps unfathomable decisions of central bankers and currency traders.
This program will ensure that people all over the world know the new currency is coming, and help them recognize and use the security features.
Economic policy analysts and formulators have been kept busy in recent years deciding if or when China should cease to peg the value of its currency, the yuan, to the U.
The CFR brain trust is fully aware that a nation's control of its own national currency and monetary policy is essential to economic sovereignty, and economic sovereignty is essential to political sovereignty.
Rather, this currency has a New Age-y feel that makes you think you've stumbled into the central bank of the Star Trek Federation.
Chatu Monkul had advocated devaluing Thailand's currency for months and today, he argued, devaluation was absolutely necessary.
Banks, bond and stock markets and international businesses are spending the weekend adapting trading floors and computer screens to include the joint currency.