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pound sterling
pound sterlingn. See pound1.pound sterling n (Currencies) the official name for the standard monetary unit of the United Kingdom. See pound35 pound1 (paʊnd)
v.t. 1. to strike repeatedly with great force, as with an instrument, the fist, heavy missiles, etc. 2. to produce or effect by or as if by striking or thumping (often fol. by out). 3. to force (a way) by battering; batter (often fol. by down). 4. to crush into a powder or paste by beating repeatedly. v.i. 5. to strike heavy blows repeatedly. 6. to beat or throb violently, as the heart. 7. to give forth a thumping sound. 8. to walk or go with heavy steps. 9. to work with force or vigor (often fol. by away). n. 10. the act of pounding. 11. a heavy or forcible blow. 12. a thump. Idioms: pound the pavement, Informal. to walk the streets unremittingly, as to find work. [before 1000; Middle English pounen, Old English pūnian; akin to Dutch puin rubbish] pound′er, n. syn: See beat. pound2 (paʊnd)
n., pl. pounds, (collectively) pound. 1. a unit of weight and of mass, varying in different periods and countries. 2. a. (in English-speaking countries) an avoirdupois unit of weight equal to 7000 grains, divided into 16 ounces (0.453 kg), used for ordinary commerce. Abbr.: lb., lb. av. b. a troy unit of weight, in the U.S. and formerly in Britain, equal to 5760 grains, divided into 12 ounces (0.373 kg), used for precious metals. Abbr.: lb. t. c. (in the U.S.) a unit of apothecaries' weight equal to 5760 grains, divided into 12 ounces (0.373 kg). 3. Also called pound sterling. the basic monetary unit of the United Kingdom, formerly equal to 20 shillings or 240 pence: equal to 100 new pence after decimalization in 1971.Abbr.: L; Symbol:£ 4. the basic monetary unit of Cyprus, Egypt, Lebanon, Sudan, and Syria. 5. punt 4. 6. a former monetary unit of various countries, as Israel, Libya, and Nigeria. Idioms: pound of flesh, something justly owed but costly to the payer. [before 900; Middle English; Old English pund (c. Dutch pond, German Pfund, Old Norse, Gothic pund) « Latin pondō pound, abl. of pondus weight, in the phrase libra pondō a pound by weight; see libra] pound3 (paʊnd)
n. 1. an enclosure maintained by public authorities for confining stray or homeless animals. 2. an enclosure for sheltering, keeping, confining, or trapping animals. 3. an enclosure or trap for fish. 4. a place of confinement or imprisonment. 5. a place where illegally parked vehicles are impounded. [1350–1400; Middle English poond; compare late Old English pund- in pundfald pinfold; akin to pond] Pound (paʊnd)
n. 1. Ezra Loomis, 1885–1972, U.S. poet. 2. Roscoe, 1870–1964, U.S. legal scholar and botanist. Thesaurus| Noun | 1. |  pound sterling - the basic unit of money in Great Britain and Northern Ireland; equal to 100 penceBritish pound, British pound sterling, quid, poundBritish monetary unit - monetary unit in Great Britainpenny - a fractional monetary unit of Ireland and the United Kingdom; equal to one hundredth of a pound |
Translations
Pound Sterling
Pound Sterling (or pound), a monetary unit of Great Britain. The pound sterling is divided into 100 pence (before February 1971, 1 pound sterling = 20 shillings = 240 pence). Silver coins with the value of a pound sterling have been minted since the 11th century, and gold coins, since the mid-14th century. Banknotes in pounds sterling were first issued by the Bank of England in 1694. In 1816 a gold monetary standard was introduced in Great Britain, with the official gold content of the pound sterling set at 7.322382 g of pure gold. The standard remained in effect until August 1914. A gold-bullion standard was used from April 1925 through September 1931. After the gold standard was abandoned and the conversion of banknotes to gold ceased, the pound sterling depreciated: its parity in relation to the US dollar declined from $4.86653 to $3.5 by 1932. The pound was subsequently devalued several times. In 1967 its rate of exchange with the US dollar was $2.4, the official gold content of the pound being equal to 2.13281 g. The currency parity of the pound sterling and the relatively narrow limits of the fluctuation of its exchange rate have not been officially supported since June 1972 (a floating exchange rate is now used). In June 1977 the exchange rate of the pound sterling with the US dollar was $1.72, and the rate established by the State Bank of the USSR set 1 pound sterling equal to 1 ruble 28 kopeks. E. D. ZOLOTARENKO LegalSeePoundFinancialSeepoundAcronymsSeeQUIDpound sterling
Synonyms for pound sterlingnoun the basic unit of money in Great Britain and Northern IrelandSynonyms- British pound
- British pound sterling
- quid
- pound
Related Words- British monetary unit
- penny
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