moneyˈmʌn i
English Definitions:
money (noun)
the most common medium of exchange; functions as legal tender
"we tried to collect the money he owed us"
money (noun)
wealth reckoned in terms of money
"all his money is in real estate"
money (noun)
the official currency issued by a government or national bank
"he changed his money into francs"
money (Noun)
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.
money (Noun)
A generally accepted means of exchange and measure of value.
money (Noun)
A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
money (Noun)
Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.
money (Noun)
The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.
money (Noun)
Wealth
money (Noun)
An item of value between two parties used for the exchange of goods or services.
money (Noun)
A person who funds an operation.
money (Noun)
Of or pertaining to money; monetary.
Money
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can be considered money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without intrinsic use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it. The money supply of a country consists of currency and bank money. Bank money, which consists only of records, forms by far the largest part of the money supply in developed nations.
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular 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 sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Counterfeit money can cause good money to lose its value. The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.
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"money." Kamus.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.kamus.net/english/money>.
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