Money

Business, Legal & Accounting Glossary

Definition: 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
https://payrollheaven.com/define/money/
Modern Language Association (MLA):
Money. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. May 25, 2020 https://payrollheaven.com/define/money/.
Chicago Manual of Style (CMS):
Money. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/money/ (accessed: May 25, 2020).
American Psychological Association (APA):
Money. PayrollHeaven.com. Retrieved May 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/money/

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: 27th March, 2020 | 20 Views.