I. ˈēstərliŋ -təl-, -t ə l- noun
( -s )
Etymology: Middle English esterling, from ester, estern eastern + -ling
: a native of a country eastward of another — used especially of German merchants from Baltic cities who traded in England or competed with the English in foreign ports
II. noun
( -s )
Etymology: alteration (influenced by easterling ) (I) of sterling; from a belief that it was coined by german merchants from Baltic cities
1. or easterling penny : a medieval English silver coin
2. : the weight of an easterling : pennyweight : 1/20 ounce