Found Money

Also found in: Idioms

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Found Money

1. Money that an individual or company possesses unawares. A mundane example of found money is $5 that one finds in the pocket of the jacket one had last worn several months ago. Banks maintain accounts with found money; for instance, an individual may have opened an account and forgotten it, or one may have inherited such an account from a relative. Likewise, governments keep tax refund checks that they are unable to deliver.

2. An informal term for money one does not earn. It may apply to an inheritance, for example.

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