Definition of "drachma" [drach•ma]

• The primary unit of currency in Greece before the adoption of the euro. (noun)
• An ancient Greek silver coin. (noun)
• One of several modern units of weight, especially the dram. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Unless they have already decided to price it in Greek drachma, rather than euro, he can tell you that there is an awful long way to go before austerity kicks in."
• "Its rival EBS, which is owned by ICAP PLC, said Sunday that it was testing trades in Greek drachma against both the dollar and the euro as a precautionary measure."
• "As The New York Times reports today, some economists believe that a default by Greece and return to the drachma might be the best course of action, though the results would be devastating."