Business, Legal & Accounting Glossary

Definition: Money


Video Guide For Money

Full Definition of Money

In general, money is anything that is used as a means of payment.

In common usage, money is usually used to refer to notes that are printed or coins that are minted by a national government (or supranational entity in the case of the European Union), and which can be used to buy or sell goods.

In modern times, money also refers to deposits in bank accounts.

In the past, coffee, cocoa, seashells, and gold were all used as money.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Money. Payroll & Accounting Heaven Ltd. November 30, 2021
Chicago Manual of Style (CMS):
Money. Payroll & Accounting Heaven Ltd. (accessed: November 30, 2021).
American Psychological Association (APA):
Money. Retrieved November 30, 2021, from website:

Definition Sources

Definitions for Money are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd November, 2021 | 21 Views.