british pound

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british pound

A shopkeeper hands a customer change in British pounds.

Definition
  1. Noun:
    • The basic monetary unit of the United Kingdom: The "British pound" is the official currency of Great Britain and Northern Ireland. It is subdivided into 100 smaller units called pence.
    • A unit of value and medium of exchange: It serves as the standard measure of value for goods and services within the UK's economy.
Usage Examples
  • Noun:
    • The price of the book is ten British pounds.
    • I need to exchange my dollars for British pounds before my trip to London.
    • The antique was sold at auction for several thousand British pounds.
Advanced Usage
  • "Pound sterling": This is the full formal name for the currency, often used in financial contexts to distinguish it from other currencies called "pound".
    • The agreement was settled in pounds sterling.
  • Symbolic Representation: The British pound is commonly represented by the symbol "£" (the pound sign).
    • The cost is £50 (fifty pounds).
Variants and Related Words
  • Pound (GBP): A common shortened form. "GBP" is the ISO 4217 currency code (Great British Pound).
    • The transfer was made in GBP.
  • Pence: The plural form for the subdivision of the pound (singular: penny).
    • It costs one pound and fifty pence.
  • Quid: (Informal, slang) A colloquial term for one or more pounds.
    • It cost me twenty quid.
Synonyms
  • Pound sterling: The full formal name.
  • GBP: The official three-letter currency code.
Related Phrases
  • Pound coin: The physical coin representing one pound.
    • I paid with a pound coin.
  • Pound note: A banknote representing a pound value (though £1 notes are now rare in England).
    • He gave me a five-pound note.
Related Idioms
  • "To be worth a pound of flesh": This idiom, originating from Shakespeare's , refers to a debt that is insisted upon ruthlessly. It is sometimes used in economic or financial criticism.
    • The loan sharks demanded their pound of flesh. (Note: This idiom uses "pound" as a unit of weight, not directly the currency, but is culturally associated due to the phrase's prominence.)
british pound

A shopkeeper hands a customer change in British pounds.

Noun
  1. the basic unit of money in Great Britain and Northern Ireland; equal to 100 pence

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