fractional currency

noun
coins or paper money of a smaller denomination than the basic monetary unit.

Origin:
1860–65, Americanism

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World English Dictionary
fractional currency
 
n
paper or metal money of smaller denomination than the standard monetary unit

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Although not intended to circulate as currency, the stamps form the basis for fractional currency notes issued later.
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