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Pound sterling
//paʊnd ˈstɜː(ɹ).lɪŋ// noun
Definitions
Noun
- 1 The currency of the United Kingdom.
"Andrew Houſtoun and Adam Muſhet, being Tackſmen of the Excize, did Imploy Thomas Rue to be their Collector, and gave him a Sallary of 30. pound Sterling for a year."
- 2 the basic unit of money in Great Britain and Northern Ireland; equal to 100 pence wordnet
Etymology
The basic unit of currency in medieval England was the silver penny or sterling, weighing ¹⁄₂₄₀ of a tower pound. 240 of these coins made a "pound of sterlings". This term (shortened to "pound sterling" in later usage) continued to be used for a sum of 240 pence even after the sterling had ceased to circulate. The modern pound sterling is equivalent to 100 new pence.
See also for "pound sterling"
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