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pound sterling

noun
1.
pound2 (def 3).
Origin
1625-1635
1625-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for pound sterling

pound sterling

noun
1.
the official name for the standard monetary unit of the United Kingdom See pound3 (sense 5)
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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Encyclopedia Article for pound sterling

the basic monetary unit of Great Britain, divided (since 1971) decimally into 100 new pence. The term is derived from the fact that, about 775, silver coins known as "sterlings" were issued in the Saxon kingdoms, 240 of them being minted from a pound of silver, the weight of which was probably about equal to the later troy pound. Hence large payments came to be reckoned in "pounds of sterlings," a phrase later shortened to "pounds sterling." After the Norman Conquest the pound was divided for accounting purposes into 20 shillings and into 240 pennies, or pence. In medieval Latin documents the words libra, solidus, and denarius were used to denote the pound, shilling, and penny, which gave rise to the use of the symbols , s., and d

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Word Value for pound

8
11
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