Usually means: Smaller division of currency value.
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We found 7 dictionaries that define the word fractional monetary unit:

General (6 matching dictionaries)
  1. fractional monetary unit: Vocabulary.com
  2. fractional monetary unit: Dictionary.com
  3. fractional monetary unit: Rhymezone
  4. fractional monetary unit: FreeDictionary.org
  5. fractional monetary unit: Mnemonic Dictionary
  6. fractional monetary unit: TheFreeDictionary.com

Computing (1 matching dictionary)
  1. fractional monetary unit: Encyclopedia

Definitions from WordNet (fractional monetary unit)

noun:  a monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unit


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