Connection lost
Server error
The only bar I passed this year serves drinks.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - current money
I object!... to how much coffee I need to function during finals.
✨ Enjoy an ad-free experience with LSD+
Definition of current money
Definition: Current money refers to the currency that is currently in circulation within a country and is authorized by the government as a medium of exchange. It can also refer to assets that can be easily converted to cash or capital that is traded as a commodity.
- Coins and paper bills are examples of current money that are authorized by the government as a medium of exchange.
- Demand deposits, which can be easily converted to cash, are also considered current money.
- The money market is an example of capital that is traded as a commodity.
- Investment moneys refer to funds or sums of money that are available for investment purposes.
These examples illustrate how current money can take different forms, but they all serve as a means of exchange for goods and services within a country's economy.
It is better to risk saving a guilty man than to condemn an innocent one.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Current money refers to the type of money that is used in a country, like coins and bills. It can also mean assets that can be easily turned into cash, like money in a bank account. Sometimes, people use the term "money" to refer to funds or sums of money. There are different types of money, like digital money that can be used online, or paper money that is backed by a government's credit. Lawful money is money that is accepted as payment for debts, while hard money refers to coins and cash. Real money can be money that has intrinsic value, like gold or silver, or just the cash that you have in your pocket right now.
The young man knows the rules, but the old man knows the exceptions.
✨ Enjoy an ad-free experience with LSD+