money transactions
81The Death of Money — The Money Changer by Rembrandt, 1627. The Death of Money is a 1993 book (and an article with the same title) by Joel Kurtzman, a former editor of Harvard Business Review. Kurtzman uses the death of money to refer to a change in the economic… …
82High-powered money — is a macroeconomic term referring to the monetary base that is, to highly liquid money and includes currency and vault cash. In the United States, with the beginning of the Federal Reserve System in 1914, high powered money also includes deposit… …
83Lawful Money — Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns… …
84Quantity Theory Of Money — An economic theory which proposes a positive relationship between changes in the money supply and the long term price of goods. It states that increasing the amount of money in the economy will eventually lead to an equal percentage rise in the… …
85Digital Money — Any means of payment that exists purely in electronic form. Digital money is not tangible like a dollar bill or a coin. It is accounted for and transferred using computers. Digital money is exchanged using technologies such as smartphones, credit …
86Narrow Money — A category of money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank. In the United States narrow money is classified as M1 (M0 + demand accounts), while… …
87Earnest Money — A deposit made to a seller showing the buyer s good faith in a transaction. Often used in real estate transactions, earnest money allows the buyer additional time when seeking financing. Earnest money is typically held jointly by the seller and… …
88Paper Money — A country s official, paper currency that is circulated for transaction related purposes. The printing of paper money is typically regulated by a country s central bank/treasury in order to keep the flow of money in line with monetary policy.… …
89Anti Money Laundering - AML — A set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. In most cases money launderers hide their actions through a series of steps that make it look like money coming from illegal or… …
90current money — The currency of the country; whatever is intended to and does actually circulate as currency; every species of coin or currency. In this phrase the adjective current is not synonymous with convertible . It is employed to describe money which… …
