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pound definition - finance
The currency unit of Great Britain, comprised of 100 pence. The pound is also known as the sterling. Traders write it as GBP. The Falkland Islands, Gibraler, St. Helena, and the Sudan Republic also use the pound. It is also the currency unit of Cyprus, comprised of 100 cents, and the currency unit of Egypt and Syria, comprised of 100 piasters.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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