sterling


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Sterling

A term for the British pound. While the official name of the currency is pound sterling, "sterling" tends to be used in accounting and foreign exchange contexts while "pound," and, less formally, "quid," are used in day-to-day transactions.

sterling

the name given to the UK POUND when used in international dealings, primarily to distinguish it from other countries also using the pound as a domestic currency. Formerly, large amounts of sterling were held by members of the British Commonwealth (the so-called ‘sterling area bloc’) and others, as part of their INTERNATIONAL RESERVES.

sterling

the name given to the UK POUND in international dealings to distinguish it from other countries using the pound as the basis of their currencies. Formerly, most countries extensively involved in international trade kept large sterling balances as part of their stock of INTERNATIONAL RESERVES, but nowadays sterling is little used as a reserve asset except by a number of current and former member countries of the British Commonwealth.
References in periodicals archive ?
Seiler said, "I'm proud to have an integral role with Sterling American.
That proclamation in itself might sound old-fashioned--not entirely out of place in a Greenpeace pamphlet--but Sterling went on to classify his new cause as an art and design movement.
Home, for Sterling Brown is Howard, as he has said: ".
Often, Sterling played records from his precious collection which included gems by Bert Williams and Bessie Smith.
In court papers, which include copies of her daily planner, Jaksy contends that Sterling kissed her, hugged her and repeatedly asked her to have sex with him and his friends in exchange for an extra $300 to $400 a week.
At any moment, a man can be a `killer' or a `hero,' '' wrote Sterling, who is president and founder of the Sterling Institute and ICSD.