What do a.m. and p.m. stand for?

circulating medium

any coin or note passing, without endorsement, as a medium of exchange.
such coins or notes collectively.
Origin of circulating medium
1790-1800 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for circulating medium
  • Air is used instead of a drilling mud as the circulating medium to cool the bit and remove the bit-drilled cuttings from the hole.
  • If air is the circulating medium to be employed there are additional requirements that come into play.
  • The country must be safeguarded against the overexpansion or unjust contraction of either credit or circulating medium.
  • Make such provisions now, that hereafter there be no diminution of the circulating medium of the country.
  • They had thereby a circulating medium and legal tender to transact business, when barter could not be employed.
  • Synthetic ammonia is then added to the circulating medium to regenerate the magnesium hydroxide.
British Dictionary definitions for circulating medium

circulating medium

(finance) currency serving as a medium of exchange
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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