monetary instrument

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monetary instrument (plural monetary instruments)

  1. coins and currency
  2. in the United States, refers to coins and currency of a foreign country, travelers’ checks, bearer negotiable instruments, bearer investment securities, bearer securities, stock on which title is passed on delivery, and similar material or checks, drafts, notes, money orders, and other similar instruments which are drawn on or by a foreign financial institution and are not in bearer form
    (defined in 31 USC § 5312(a)(3)(C))

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