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circulating medium

noun
1.
any coin or note passing, without endorsement, as a medium of exchange.
2.
such coins or notes collectively.
Origin
1790-1800
1790-1800
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for circulating-medium

circulating medium

noun
1.
(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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16
22
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