money
Pronunciation:
/ˈmʌni//ˈmʌni/noun
Definitions
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.
A generally accepted means of exchange and measure of value.
Example: Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.
A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
Example: money supply; money market
Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.