Circulating medium

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CIRCULATING MEDIUM. By this term is understood whatever is used in making payments, as money, bank notes, or paper which passes from hand to hand in payment of goods, or debts.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
BEIRUT: Hezbollah Secretary-General Sayyed Hasan Nasrallah Monday denied a widely circulating media report that he had warned of a likely war with Israel this summer.
"Laissez Faire Banking and Circulating Media of Exchange." Journal of Financial Intermediation 2 (June): 134-67.
It also became harder for refugees already residing in Egypt, since Morsi's ouster was followed by widely circulating media reports that accused Syrians of siding with the Muslim Brotherhood and taking part in their sit-ins.
It was assumed that any banning of the CD would be grounded in Article 75 of the 1962 Lebanese Law for distribution of print media, which prohibits "circulating media that diverges from public decency and morality, or is at odds with nationalistic or religious beliefs."
The statement added that the deal, contrary to circulating media reports, was a comprehensive arrangement rather than one only relating to the U.N.-backed court, which is widely expected to point the finger at Hezbollah members in Rafik Hariri's assassination