money of account

money of account
denominations of money used in reckoning but not current as coins.

English new terms dictionary. 2014.

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  • Money of account — Money Mon ey, n.; pl. {Moneys}. [OE. moneie, OF. moneie, F. monnaie, fr. L. moneta. See {Mint} place where coin is made, {Mind}, and cf. {Moidore}, {Monetary}.] 1. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by …   The Collaborative International Dictionary of English

  • money of account — ˌmoney of acˈcount noun [countable usually singular] FINANCE the currency used in business and finance in a particular place: • Since 1999, the Euro has been the money of account in most EU countries. * * * money of account UK US noun [C, usually …   Financial and business terms

  • money of account — n. a monetary denomination used in keeping accounts, esp. one not issued as a coin or piece of paper money (e.g., the U.S. mill) …   English World dictionary

  • Money market account — This article is about the type of bank deposit account. For the type of mutual fund, see Money market fund. Banking …   Wikipedia

  • Money of account — The money of account is the monetary unit in which accounts are kept, which is not necessarily linked to actual currency. [cite web| url=| title=Bartleby| date=January 1 2000| accessdate=2007 03 09|… …   Wikipedia

  • Money Market Account — A savings account that offers the competitive rate of interest (real rate) in exchange for larger than normal deposits. Also known by the acronym MMDA , which stands for money market demand account or money market deposit account . Many money… …   Investment dictionary

  • money of account — mon′ey of account′ n. bus num a monetary denomination used in reckoning, esp. one not issued as a coin, as the U.S. mill • Etymology: 1685–95 …   From formal English to slang

  • money of account — Date: 1691 a denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent coin or denomination of paper money …   New Collegiate Dictionary

  • money of account — a denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent in coin or paper money …   Useful english dictionary

  • Money Market Account Extra - MMAX — An account structure that provides depositors with the ability to secure FDIC insurance on large deposits that would otherwise exceed the normal insurance limit of $250,000. The MMAX structure allows banks to attract large depositors, including… …   Investment dictionary

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