bimetallistic
Definition
- Adjective:
- Pertaining to a monetary system based on two metals: Specifically describes a system where the currency's value is legally defined in terms of two metals, typically gold and silver, both of which can be used as legal tender.
Usage Examples
- Adjective:
- The 19th-century debate centered on bimetallistic policies versus the gold standard.
- A bimetallistic system allows for coins to be minted from either of the two specified metals.
Advanced Usage
- Economic Context: The term is primarily used in historical and economic discussions to describe monetary standards, such as those debated in the late 1800s.
- The politician's platform was fiercely bimetallistic, advocating for the free coinage of silver alongside gold.
Variants and Related Words
- Bimetallism (n): The monetary system or policy itself that uses two metals as legal tender.
- Bimetallism was a major political issue in the United States during the 1896 presidential election.
- Bimetallic (adj): While often used interchangeably with "bimetallistic," "bimetallic" can have a broader technical meaning, such as describing an object made of two metals (e.g., a bimetallic strip in a thermostat).
Synonyms
- Dual-standard (adj): Pertaining to a monetary system with two standards of value.
- (Of a monetary system) Bimetal (adj): A less common variant.
Antonyms
- Monometallistic (adj): Pertaining to a monetary system based on a single metal.
Adjective
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pertaining to a monetary system based on two metals
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in a bimetallistic system both gold and silver can constitute legal tender
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