money of account
111Money Order — A certificate that allows the stated payee to receive cash on demand, usually issued by governments and banking institutions. A money order functions much like a check, in that the person who purchased the money order may stop payment. Money… …
112account payee only — words often written on crossed cheques, which direct the bank to pay the cheque only to the bank account of the payee. Glossary of Business Terms * * * account payee (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the… …
113Money Illusion — An economic theory stating that many people have an illusory picture of their wealth and income based on nominal dollar terms, rather than real terms. Real prices and income take into account the level of inflation in an economy. Money illusion… …
114money — A medium of exchange that functions as a unit of account, a store of value, and a means for deferred payment. Originally money enhanced economic development by enabling goods to be bought and sold without the need for barter. However, throughout… …
115money — A medium of exchange that functions as a unit of account, a store of value, and a means for deferred payment. Originally money enhanced economic development by enabling goods to be bought and sold without the need for barter. However, throughout… …
116account for — explain how or why, provide reasons, call into account How do you account for the missing money? Where did it go? …
117account — An unsettled demand or claim by one person against another, based upon a transaction or transactions creating a debtor and creditor relation between the parties, which is usually but not necessarily represented by an ex parte record kept by one… …
118Money At Call — A short term loan that does not have a set repayment schedule, but is payable immediately and in full upon demand. Money at call loans give banks a way to earn interest while retaining liquidity. Investors might use money at call to cover a… …
119Money Supply — The entire quantity of bills, coins, loans, credit and other liquid instruments in a country s economy. Money supply is divided into multiple categories M0, M1, M2 and M3 according to the type and size of account in which the instrument is kept.… …
120moneyof account — money of account n. A monetary unit in which accounts are kept and that may or may not correspond to actual current denominations. * * * …
