money

(redirected from pecuniary)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Money

Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.

Money

A commodity, asset, or (most commonly) currency that may be exchanged for goods and services. Usually, the domestic government issues its own money and provides penalties to persons and businesses in its jurisdiction that do not accept it. Money and the money supply are integral to determining interest rates, inflation, and especially economic growth. There is no uniform agreement as to what qualifies as money; some economists include more mediums of exchange than other economists. Every society throughout history has used some sort of money, even bartering economies traded for something perceived to be equivalent. See also: Money supply, Liquidity.

money

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity. There is some disagreement among economists as to what types of things actually should be classified as money; for example, should balances in money market funds be included. See also money supply.

money

an asset which is generally acceptable as a means of payment in the sale and purchase of products and other assets and for concluding borrowing and lending transactions. The use of money enables products and assets to be priced in terms of the monetary units of the country (pence and pounds in the UK, for example), and to be exchanged using money as a common medium of exchange rather than the bartering of one product against another. Money also acts as a store of value (money can be held over a period of time and used to finance future payments) and as a unit of account (money is used to measure and record the value of products and assets, as for example in compiling the country's NATIONAL INCOME accounts). See MONEY SUPPLY, MONETARY POLICY.

money

an ASSET that is generally acceptable as a medium of exchange. Individual goods and services, and other physical assests, are ‘priced’ in terms of money and are exchanged using money as a common denominator rather than one GOOD, etc., being exchanged for another (as in BARTER). The use of money as a means of payment enables an economy to produce more output because it facilitates SPECIALIZATION in production and reduces the time spent by sellers and buyers in arranging exchanges. Other important functions of money are its use as a store of value or purchasing power (money can be held over a period of time and used to finance future payments), a standard of deferred payment (money is used as an agreed measure of future receipts and payments in contracts) and as a unit of account (money is used to measure and record the value of goods or services, e.g. GROSS NATIONAL PRODUCT, over time). See LEGAL TENDER.
References in periodicals archive ?
Capital investments naturally rebound but ESG scores actually decline significantly after the tax cut, inconsistent with the pecuniary motive.
Applying the same interpretation that English courts gave to Lord Campbell's Act, the Michigan Supreme Court held that damages under the death act were limited to the pecuniary damage sustained by those legally entitled to support.
If an official with a direct pecuniary interest participates in discussion or votes on a matter before the governing body, the legal sole remedy is to invalidate that official's vote.
"Six new Debt Recovery Tribunals (DRTs) have been established and the minimum pecuniary limit for filing of cases in DRTs has been revised in 2018 from Rs 10 lakh to Rs 20 lakh to enable focus on higher value cases in these fast-track tribunals," tweeted the Finance Ministry.
The court found it incontrovertible that Petro Mart had more than an incidental, pecuniary interest in the gas pumps.
KARACHI -- The National Accountability Bureau (NAB) will preferably investigate the cases involving over Rs.100 million pecuniary loss in line with court directions and the bureau's own fair thought process.
The findings suggest that pecuniary and non-pecuniary inflows of knowledge are utilised during service innovation processes in tourism.
ySTANBUL (CyHAN)- Engin Alan, who was sentenced to 18 years in prison in the Sledgehammer (Balyoz) trial in 2012 and released after a court acquitted him in early 2015, is going to be paid a record TL 63,650 in pecuniary damages and TL 1.3 million in non-pecuniary damages.
The bank said it suffered "significant pecuniary loss" and substantial reputational damage as a result of the measures that were taken against it in 2009.
William Rathbone the sixth's words still resonate today, when he spoke about the rich man's disease "Pecuniary Paralysis" defined as "The dislike to spend on others, which by a strange paradox seems to grow with the growth of their wealth."
Tamation Makombera, 43, of Chipperfield Road, Bromford, had previously admitted having a false instrument, obtaining a pecuniary advantage and making a false representation.