Home > Term: divisional coin
divisional coin
Inferior coin that need only be accepted as legal tender up to a certain amount (in Switzerland, a maximum of 100 coins). As a rule, the value of the metal contained in divisional coins is less than the nominal value stamped on them. See also full legal tender coins (1).
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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