Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    As used -in statutes providing for taxes on the circulation of banks, this term includes all currency or circulating notes or bills or certificates or bills intended to circulate as money. U. S. v. White (C. C.) 19 Fed. 723; U S. v. Wilson, 106 U. S. 620, 2 Sup. Ct. 85, 27 In Ed. 310.
    —Circulating medium. This term is more comprehensive than the term "money," as it is the medium of exchanges, or purchases and sales, whether it be gold or silver coin or any other article.