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Money Definition

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Contents

English

Pronunciation

Etymology

From Middle English moneie, moneye from Old French moneie (Modern French monnaie) from Latin moneta (“money, a place for coining money, coin”) from the name of the temple of Juno Moneta in Rome, where a mint was. Displaced native Middle English schat "money, treasure" (from Old English sceatt "money, treasure, coin"), Middle English feoh "money, property" (from Old English feoh "money, property, cattle").

Noun

Wikipedia has an article on: Money

Wikipedia money (normally uncountable, but moneys or monies)

  1. A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.
  2. A generally accepted means of exchange and measure of value.
    Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.
  3. A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
  4. Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.
  5. The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.
  6. Wealth
    He was born with money.
  7. An item of value between two parties used for the exchange of goods or services.
  8. A person who funds an operation.
  9. (as a modifier) Of or pertaining to money; monetary.
    money supply, money market

Synonyms

Derived terms

Terms derived from money

Related terms

Statistics

External links

 

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Money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment. Any kind of easily verifiable record serves these functions as well as an object (an "object" that is taken as money actually serves as just a type of secure record), and "digital money" that exists only as secure records in computerized files, is now the most common form of money.
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