1. Anything that serves the three basic purposes of money: medium of exchange; store of value; unit of account.

  2. In modern economies, a currency issued by an agency of government.

  3. As an adjective, "money" refers to the value of something denominated in the prevailing currency and not corrected for inflation; contrasts with real.

Related Terms

 • out of pocket  • bonus issue  • capital reserves  • long-bond  • payroll giving scheme  • barter  • switch  • money market
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