Money.
Synonyms:
| bills, | cash, | funds, | property, |
| bullion, | coin, | gold, | silver, |
| capital, | currency, | notes, | specie. |
Money is the authorized medium of exchange; coined money is called coin or specie. What are termed in England bank-notes are in the United States commonly called bills; as, a five-dollar bill. The notes of responsible men are readily transferable in commercial circles, but they are not money; as, the stock was sold for $500 in money and the balance in merchantable paper. Cash is specie or money in hand, or paid in hand; as, the cash account; the cash price. In the legal sense, property is not money, and money is not property; for property is that which has inherent value, while money, as such, has but representative value, and may or may not have intrinsic value. Bullion is either gold or silver uncoined, or the coined metal considered without reference to its coinage, but simply as merchandise, when its value as bullion may be very different from its value as money. The word capital is used chiefly of accumulated property or money invested in productive enterprises or available for such investment.