Found 1 items, similar to Money of account.
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Definition: Money of account
, n.; pl. Moneys
. [OE. moneie, OF. moneie, F.
monnaie, fr. L. moneta. See Mint
place where coin is made,
, and cf. Moidore
1. A piece of metal, as gold, silver, copper, etc., coined,
or stamped, and issued by the sovereign authority as a
medium of exchange in financial transactions between
citizens and with government; also, any number of such
To prevent such abuses, . . . it has been found
necessary . . . to affix a public stamp upon certain
quantities of such particular metals, as were in
those countries commonly made use of to purchase
goods. Hence the origin of coined money, and of
those public offices called mints. --A. Smith.
2. Any written or stamped promise, certificate, or order, as
a government note, a bank note, a certificate of deposit,
etc., which is payable in standard coined money and is
lawfully current in lieu of it; in a comprehensive sense,
any currency usually and lawfully employed in buying and
3. Any article used as a medium of payment in financial
transactions, such as checks drawn on checking accounts.
4. (Economics) Any form of wealth which affects a person's
propensity to spend, such as checking accounts or time
deposits in banks, credit accounts, letters of credit,
etc. Various aggregates of money in different forms are
given different names, such as M-1
, the total sum of all
currency in circulation plus all money in demand deposit
accounts (checking accounts).
Note: Whatever, among barbarous nations, is used as a medium
of effecting exchanges of property, and in the terms of
which values are reckoned, as sheep, wampum, copper
rings, quills of salt or of gold dust, shovel blades,
etc., is, in common language, called their money.
4. In general, wealth; property; as, he has much money in
land, or in stocks; to make, or lose, money.
The love of money is a root of all kinds of evil.
--1 Tim vi. 10
(Rev. Ver. ).
(Legislation), a bill for raising revenue.
, a broker who deals in different kinds of
money; one who buys and sells bills of exchange; -- called
also money changer
(Zo["o]l.), any one of several species of
(esp. Cypr[ae]a moneta
) formerly much used
as money by savage tribes. See Cowrie
Money of account
, a denomination of value used in keeping
accounts, for which there may, or may not, be an
equivalent coin; e. g., the mill is a money of account in
the United States, but not a coin.
(a) an order for the payment of money; specifically, a
government order for the payment of money, issued at
one post office as payable at another; -- called also
postal money order
(b) a similar order issued by a bank or other financial
, a person who procures the loan of money to
, Money spinner
(Zo["o]l.), a small spider;
-- so called as being popularly supposed to indicate that
the person upon whom it crawls will be fortunate in money
, a fair or full equivalent for the money
which is paid.
A piece of money
, a single coin.
, money held ready for payment, or actually
paid, at the time of a transaction; cash.
, credit cards, usually made out of plastic;
also called plastic
; as, put it on the plastic.
To make money
, to gain or acquire money or property; to
make a profit in dealings.
[1913 Webster +PJC]