- shilling ► NOUN 1) a former British coin and monetary unit equal to one twentieth of a pound or twelve pence. 2) the basic monetary unit of Kenya, Tanzania, and Uganda.● not the full shilling — Cf. ↑not the full shilling● take the King's (or Queen's) shilling — Cf. ↑take the Queen's shillingORIGIN Old English.
English terms dictionary. 2015.