- medium of exchange
- Anything which serves to facilitate the exchange of things by providing a common basis of measurement such as money, checks, drafts, etc.See legal tender
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Medium of exchange — Medium Me di*um, n.; pl. L. {Media}, {E}. {Mediums}. [L. medium the middle, fr. medius middle. See {Mid}, and cf. {Medius}.] 1. That which lies in the middle, or between other things; intervening body or quantity. Hence, specifically: (a) Middle… … The Collaborative International Dictionary of English
medium of exchange — ˌmedium of exˈchange noun [singular] ECONOMICS something that can be used to buy goods or to measure someone s wealth. Money is the usual medium of exchange in most countries: • US currency is widely used as a medium of exchange here. * * *… … Financial and business terms
medium of exchange — n. anything used as a measure of value in exchange for goods and services; currency, checks, etc … English World dictionary
medium of exchange — index cash, currency, money Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
Medium of exchange — Economics … Wikipedia
medium of exchange — noun anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region • Syn: ↑monetary system • Hypernyms: ↑standard, ↑criterion, ↑measure, ↑touchstone • Hyponyms: ↑ … Useful english dictionary
Medium Of Exchange — An intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency. The use of a medium of exchange allows for greater efficiency in the economy and creates… … Investment dictionary
medium of exchange — UK / US noun [countable] Word forms medium of exchange : singular medium of exchange plural mediums of exchange or media of exchange something that people agree has value and can be used as money, for example gold … English dictionary
medium of exchange — medium of ex change noun count something that people agree has value and can be used as money, for example gold … Usage of the words and phrases in modern English
medium of exchange — Synonyms and related words: and pence, cash, circulating medium, coinage, coined liberty, cold cash, currency, dollars, emergency money, filthy lucre, fractional currency, gold, hard cash, hard currency, legal tender, lucre, mammon, managed… … Moby Thesaurus
medium of exchange — Date: 1714 something commonly accepted in exchange for goods and services and recognized as representing a standard of value … New Collegiate Dictionary