pound sterling

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pound sterling

A shopkeeper counts pound sterling notes at the register.

Definition
  1. Noun:
    • The basic unit of money in Great Britain and Northern Ireland: "Pound sterling" is the official currency of the United Kingdom, subdivided into 100 pence.
    • A monetary standard: It can refer to the British currency system itself.
Usage Examples
  • Noun:
    • The price is ten pounds sterling. (The cost is ten units of British money.)
    • He exchanged his dollars for pounds sterling at the bank. (He converted his US currency into British currency at the financial institution.)
Advanced Usage
  • "Pound sterling" as a formal term: Used in official, financial, or international contexts to distinguish the British currency from other currencies also called "pound" (e.g., the Egyptian pound).
    • The contract must be settled in pounds sterling. (The agreement's payment must be made in British currency.)
Variants and Related Words
  • Pound (n): The more common, abbreviated term for the pound sterling.
    • It costs fifty pounds.
  • Sterling (n/adj): Can refer to the currency itself or mean "of excellent quality," often used in financial contexts (e.g., sterling silver).
    • Payments must be made in sterling. (Payments must be made in British money.)
Synonyms
  • British pound: Another name for the same currency unit.
  • GBP: The official ISO 4217 currency code (Great British Pounds).
  • Quid (n, informal): A slang term for a pound sterling.
Related Phrases
  • Pound sterling area: A historical term for a group of territories that pegged their currencies to the pound sterling.
  • Sterling balance: A financial term for an account balance held in pounds sterling.
Related Idioms
  • "To be worth a few pounds sterling": To have significant monetary value.
    • That antique vase is worth a few pounds sterling. (That old vase has considerable financial value in British currency.)
pound sterling

A shopkeeper counts pound sterling notes at the register.

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

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