silver standard

silver standard

noun
a monetary standard or system using silver of specified weight and fineness to define the basic unit of currency.

Origin:
1825–35, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Silver standard is always a great word to know.
So is quincunx. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
a stew of meat, vegetables, potatoes, etc.
Collins
World English Dictionary
silver standard
 
n
a monetary system in which the legal unit of currency is defined with reference to silver of a specified fineness and weight and sometimes (esp formerly) freely redeemable for it

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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