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Money vs. Currency — What's the Difference?

Money vs. Currency — What's the Difference?

Difference Between Money and Currency

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Compare with Definitions

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.

Currency

A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially for people in a nation.

Money

A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.

Currency

A system of money in general use in a particular country
Travellers cheques in foreign currency
The dollar was a strong currency

Money

The official currency, coins, and negotiable paper notes issued by a government.
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Currency

The fact or quality of being generally accepted or in use
The term gained wider currency after the turn of the century

Money

Assets and property considered in terms of monetary value; wealth.

Currency

Money in any form when in actual use as a medium of exchange, especially circulating paper money.

Money

Pecuniary profit or loss
He made money on the sale of his properties.

Currency

Transmission from person to person as a medium of exchange; circulation
Coins now in currency.

Money

One's salary; pay
It was a terrible job, but the money was good.

Currency

General acceptance or use; prevalence
The currency of a slang term.

Money

An amount of cash or credit
Raised the money for the new playground.

Currency

The state of being current; up-to-dateness
Can you check the currency of this address?.

Money

Often moneys, monies Sums of money, especially of a specified nature
State tax moneys.
Monies set aside for research and development.

Currency

Money or other items used to facilitate transactions.
Wampum was used as a currency by Amerindians.

Money

A wealthy person, family, or group
To come from old money.
To marry into money.

Currency

Paper money.

Money

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.

Currency

The state of being current; general acceptance or recognition.
The jargon’s currency.

Money

A generally accepted means of exchange and measure of value.
I cannot take money, that I did not work for.
Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.

Currency

(obsolete) Current value; general estimation; the rate at which anything is generally valued.

Money

A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
Money supply;
Money market

Currency

(obsolete) fluency; readiness of utterance

Money

Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.

Currency

A continued or uninterrupted course or flow like that of a stream; as, the currency of time.

Money

The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.

Currency

The state or quality of being current; general acceptance or reception; a passing from person to person, or from hand to hand; circulation; as, a report has had a long or general currency; the currency of bank notes.

Money

Wealth; a person, family or class that possesses wealth

Currency

That which is in circulation, or is given and taken as having or representing value; as, the currency of a country; a specie currency; esp., government or bank notes circulating as a substitute for metallic money.

Money

An item of value between two or more parties used for the exchange of goods or services.

Currency

Fluency; readiness of utterance.

Money

A person who funds an operation.

Currency

Current value; general estimation; the rate at which anything is generally valued.
He . . . takes greatness of kingdoms according to their bulk and currency, and not after intrinsic value.
The bare name of Englishman . . . too often gave a transient currency to the worthless and ungrateful.

Money

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 pieces; coin.
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.

Currency

The metal or paper medium of exchange that is presently used

Money

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 selling.

Currency

General acceptance or use;
The currency of ideas

Money

Any article used as a medium of payment in financial transactions, such as checks drawn on checking accounts.

Currency

A current state of general acceptance and use

Money

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).

Currency

The property of belonging to the present time;
The currency of a slang term

Money

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.

Money

To supply with money.

Money

The most common medium of exchange; functions as legal tender;
We tried to collect the money he owed us

Money

Wealth reckoned in terms of money;
All his money is in real estate

Money

The official currency issued by a government or national bank;
He changed his money into francs

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