a bronze coin of the U.S., the 100th part of a U.S. dollar: made of steel during part of 1943. Symbol: ¢
2.
the 100th part of the monetary units of various other nations, including Australia, the Bahamas, Barbados, Belize, Bermuda, Canada, Ethiopia, Fiji, Guyana, Hong Kong, Jamaica, Kenya, Liberia, Mauritius, the Netherlands, New Zealand, the Seychelles, Sierra Leone, the Solomon Islands, Somalia, South Africa, Sri Lanka, Swaziland, Tanzania, Trinidad and Tobago, and Uganda.
c.1400, from L. centum "hundred" (see hundred). M.E. meaning was "one hundred," but shifted to "hundredth part" under infl. of percent. Chosen in this sense in 1786 as name for U.S. currency unit by Continental Congress. The name was first suggested by Robert Morris in 1782
under a different currency plan. Before the cent, colonial dollars were reckoned in ninetieths, based on the exchange rate of Pennsylvania money and Spanish coin.
n. one dollar. (Underworld.) : One cent for one joint? Not bad.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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