from
The Collaborative International Dictionary of English v.0.48
Pound \Pound\, n.; pl. {Pounds}, collectively {Pound} or
{Pounds}. [AS. pund, fr. L. pondo, akin to pondus a weight,
pendere to weigh. See {Pendant}.]
1. A certain specified measure of mass or weight; especially,
a legal standard consisting of an established number of
ounces.
[1913 Webster]
Note: The pound in general use in the United States and in
England is the {pound avoirdupois}, which is divided
into sixteen ounces, and contains 7,000 grains (0.453
kilogram). The {pound troy} is divided into twelve
ounces, and contains 5,760 grains. 144 pounds
avoirdupois are equal to 175 pounds troy weight. See
{Avoirdupois}, and {Troy}.
[1913 Webster]
2. A British denomination of money of account, equivalent to
twenty shillings sterling, and equal in value to about
$4.86 in 1900 and $1.50 in 2002. The modern pound coin was
introduced in 1983. Formerly there was a gold sovereign of
the same value.
[1913 Webster + PJC]
Note: The pound sterling was in Saxon times, about a. d. 671,
a pound troy of silver, and a shilling was its
twentieth part; consequently the latter was three times
as large as it is at present. --Peacham.
[1913 Webster]