MONIES — Definition of MONIES
noun
1
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.
2
A generally accepted means of exchange and measure of value.
Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.
3
A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
money supply; money market
4
Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.
📚 Source: en.wiktionary.org/wiki/money
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