money
/ˈmʌni/ · mon·ey
noun
- 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. The government's issuance of money ensures that citizens can settle taxes and debts.
- 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.
- A currency maintained by a state or other entity which can guarantee its value, such as a monetary union. The euro is the money used by many European Union countries.
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Did you know? The English word 'money' ultimately comes from the Roman goddess Juno Moneta, whose temple housed the state mint where coins were first produced.