new money


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new money

n
1. (Commerce) money and wealth that has not been inherited
2. (Commerce) a wealthy individual or family whose fortune has been earned or won rather than inherited
3. (Currencies) a newly introduced currency
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations
crédit de restructuration
References in classic literature ?
Our new money was not only handsomely circulating, but its language was already glibly in use; that is to say, people had dropped the names of the former moneys, and spoke of things as being worth so many dollars or cents or mills or milrays now.
Summary: Muscat: Travelex, the world's leading foreign currency specialist, has launched a new money transfer service ...
The bank could collect a net amount of CHF6.1bn in new money. Pre-tax profit at the investment bank unit dropped 75 per cent to CHF75m.
Even strong economies will eventually cease to be able spending at these levels or will lose the political will to do so in which case bail outs would be based on increasing the money supply by the creation of new money.
Some of the new money raised is also likely to be used to reassure City regulator the Financial Services Authority that it has sufficient capital to back its growth plans.
MORE light should be shed today on Bank of England's moves to create pounds 75bn in new money and slash interest rates to 0.5% to bolster the economy as the minutes of the Monetary Policy Committee (MPC) meeting two weeks ago at which the decision was agreed will be published.
This is not therefore new money. Instead it funds the employment of staff who have been with the authority for decades in many instances.
As shown in the chart, new money FA sales were about 70% of a company's business, and 30% were internal or external exchanges.
Fashion lovers already know that flea markets and secondhand shops often hold the best in fashions of yesterday: now fashion and collector hounds have something different to pursue in former fashion model Alison Houtte's Alligators, Old Mink And New Money, which celebrates clothing styles, collections, vintage finds and more.
The firm is already hugely successful, distributing to investors $7.7 million in profits over three years, and closing its first fund to new money in January 2005 with $42 million in equity raised from 149 individual investors.
As in a Monopoly game where the rules are thrown out, they will be handed new money to play with.