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 ?
Windscape Village is Sterling American Property's second major purchase in the Chicago area.
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.
"We are extremely pleased to announce Sterling Sound as our newest customer," said Mark Overington, president and CEO of DMOD.
In addition to all hospitalization and physician services under Medicare Part A and B, the Sterling Option I plan will provide worldwide emergency care and cover more inpatient hospital days.
Fortunately for American literature, Sterling Allen Brown, at Howard, built a Southern Road (1932) in American poetry, drove with Arthur P.
It also houses a branch of Sterling National Mortgage Company, Inc.
The next morning when Sterling entered the classroom, the students rose silently and walked out.
on Sunday, January 11th, in the First Church in Sterling, 6 Meeting House Hill Road, Sterling.
Sterling Allen Brown, the poet-teacher-scholar-critic-anthologist-bon vivant and raconteur, is an untapped resource and an undercredited father of Black literary and cultural studies.
She was born in Worcester, the daughter of Samuel and Erika (Stenmark) Mollberg, and lived in Sterling for 67 years.