Legal Definition and Related Resources of Money

In strict technical sense, coined metal, usually gold or silver, upon which the government stamp has been impressed to indicate its value . The term is invariably used to denote any currency , tokens, bank notes or other circulating medium in general use as the representative of value. Any medium which by practise fulfils the function of money and which everybody will accept in payment of a debt is money in the ordinary sense of the word even though it may not be legal tender . As occurring in a will, the term has a flexible meaning and may include all kinds of property , real and personal . See Haynes v Henderson, (Tex. Civ.App.) 345 S. W.2d 857. However, according to the context, the term has been extended to include stocks , bonds, mortgages, agreements for sale, in fact the entire personal estate . § 1 -201 (24) of U.C.C. defines the word as follows: A medium of exchange authorized or adopted by a domestic or foreign government as a part of its currency.

A representative of value, established by law, and made a legal tender in the payment of debts. 65 N. C. 415. In a strict sense, gold and silver coin. Const. U. S. art. 1, §§ 8, 10. See 44 Tex. 622. In a broader sense, the common medium of exchange in a civilized nation. 45 Tex. 309; 5 Humph. (Tenn.) 15. The term is used to designate the whole volume of the medium of exchange, recognized by law or the custom of merchants. 34 Fed. 681. It is generally held to include banknotes. 3 Mass. 403; 71 Ala. 544; 47 Wis. 557. But see, contra, 3- Conn. 534. As used in wills, it has been construed as synonymous with personalty, to effect the intent of the testator. Jarm. Wills, c. 24.

noun

• aes
• affluence
• assets
• bank note
• bankroll
• buying power
• capital
• cash
• change
• coin
• coinage
• currency
• finances
• fortune
• funds
• greenback
• hard cash
• income
• legal tender
• means
• measure of value
• medium of exchange
• mintage
• nummus
• pecunia
• property
• resources
• revenue
• riches
• specie
• standard of value
• substance
• token
• treasure
• wealth
• wherewithal
• working capital
• Associated Concepts: money award
• money damages
• money decree
• money demand
• money due and owing
• money had and received
• money judgment
• money paid into court
• moneyed corporation

Browse or run a search for Money in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Money in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Money in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Money in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Acceleration Clause, Estoppel by Acquiescence, Actual Cash Value, Advancement, Annuity, Bailment, , Bank Note, Bank Bill, Bargain And Sale, Barter, Betting, Bill Of Exchange, Blackmail, , Borrow, Bottomry Bond, Bribery, Brothel, Capital, Capital Investment, , Cash Asset, Charge, Chattel Mortgage, Check, Civil Bail, Claim, , Collateral Mortgage, Commissary, Comptroller, Conditional Sale, Constructive Contract, Contract, Copyhold, Creditor, Current Account, Customs, Debenture, , Deposit, Disbursement, Discount, Dividend, Draft, , Earnest, Embezzlement, Endowment, Endowment Policy, Equitable Conversion, Equitable Lien, Exchange, Execution, Expenditure, Extortion, , Faculties, Filching, Finance, , , Gaming, Garnishee, Garnishment, Goods, Graft, Gratuity, Gross Income, Half-mark, Heriot, Imperfect Mortgage, Implied Contract, Income, Insurance, Interest, Investment Contract, Joint Adventure, Judgment Debtor, Keelage, Kiting, Legacy, Letter Of Credit, Leverage, , , , Life Insurance, Liquidated Damages, Liquidated Demand, Lottery, Maintenance, Margin Account, Mary Carter Agreement, , Money Demand, Money Had And Received, Moratory Interest, Mortgage, Mugging, Partner, Partnership, Pawn Broker, , Payable, Payment, Pecuniary, Penal Action, Pickpocket, Pin-money, Pledge, Principal, Proceeds, Profit, Promissory Note, Prostitute, Prostitution, Racketeering, Ransom, , Realize, Receipt, Receiver’s Certificate, Recognisance, Refund, Regalia, Regard, Rehabilitative Alimony, Remit, Rep-silver, Resources, Retaining Lien, Revenue, Robbery, , Sale Of Goods, Salvage Money, Satisfaction, Scrivener, Security, , Severance Pay, Shop Right Rule, Simony, Simple Licence, Sinking Fund, Slot Machine, Special Trust, Stake Holder, Stock, Stock Dividend, Stockbroker, Stowage, Subscribe, Subscription, Tender, , Totten Trust, Trade, Trading Stamps, Treasure Trove, Treasurer, Treasury Bills, Tribute, True Value Rule.

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This definition of Money is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

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Money in the Economic Activity

An introductory concept of Money may be: any item that serves as a medium of exchange, a store of value, and a unit of account

Definition of Money

In relation to social issues, a meaning of money is provided here: a medium of exchange, a good that can be used to buy other goods and services.

Hierarchical Display of Money

Finance > Monetary economics > Money market
Industry > Iron, steel and other metal industries > Metals > Precious metal > Gold
Finance > Monetary economics > Exchange policy > Currency convertibility

Meaning of Money

Overview and more information about Money

For a more comprehensive understanding of Money, see in the general part of the online platform.[rtbs name=”xxx-xxx”]

Resources

Translation of Money

• Spanish: Moneda
• French: Monnaie
• German: Geld
• Italian: Moneta
• Portuguese: Moeda
• Polish: Waluta

Thesaurus of Money

Finance > Monetary economics > Money market > Money
Industry > Iron, steel and other metal industries > Metals > Precious metal > Gold > Money
Finance > Monetary economics > Exchange policy > Currency convertibility > Money

See also

• Gold
• Currency convertibility

• Deposit money
• Banking
• National currency
• Paper money
• Cash-in-transit