Definition of Shilling

Shilling

1. A silver coin, and money of account, of Great Britain and its dependencies, equal to twelve pence, or the twentieth part of a pound, equivalent to about twenty-four cents of the United States currency.
2. In the United States, a denomination of money, differing in value in different States. It is not now legally recognized.
3. The Spanish real, of the value of one eight of a dollar, or 12/ cets; -- formerly so called in New York and some other States. See Note under 2.