paper money


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Related to paper money: fiat money, plastic money, Commodity money

paper money

n
(Banking & Finance) paper currency issued by the government or the central bank as legal tender and which circulates as a substitute for specie

pa′per mon′ey


n.
currency in paper form, such as government and bank notes, as distinguished from metal currency.
[1350–1400]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for speciepaper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
currency - the metal or paper medium of exchange that is presently used
fractional currency - paper currency in denominations less than the basic monetary unit
fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie
bank bill, bank note, banker's bill, banknote, Federal Reserve note, government note, greenback, bill, note - a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"
References in classic literature ?
The imposition of duties on imported articles, and the emission of paper money, are specimens of each kind.
They are not, for instance, to emit paper money; but the interdiction results from the Constitution, and will have no connection with any law of the United States.
France, less favoured on the whole as to matters spiritual than her sister of the shield and trident, rolled with exceeding smoothness down hill, making paper money and spending it.
On the table was a pile of gold and paper money, and he was keeping the bank.
Paper money is issued by individuals as they require it and redeemed twice yearly.
A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it; in the same proportion as such a malady is more likely to taint a particular county or district, than an entire State.
There was a Note attached to it, which cannot fail to enhance its value in the estimation of all right-minded persons who assist the circulation of paper money.
It was but a little over a hundred sovereigns that Raffles had taken, and, of course, he had resolutely eschewed any and every form of paper money. He posted his own first contribution of twenty-five pounds to the Founder's Fund immediately on our return to town, before rushing off to more first-class cricket, and I gathered that the rest would follow piecemeal as he deemed it safe.
These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.
The fictional element of paper money referred to the text printed on every banknote issued by the Bank of England, "payable to the bearer on demand in gold." As everyone knew that this promised exchange of paper for gold was neither realistic nor even possible, the words, or story, printed on the banknote functioned as a brief work of fiction, but the promissory phrase was also a legally binding contract, meaning that the Bank of England had been operating one rush-on-the-Bank away from insolvency for years.
All are to be rewarded with fifty ingots worth of paper money, boots and stockings equivalent to paper money valued at 50 ingots, and sixty jin of food and tea.
Mihm points out that colonial North America was the world's most tolerant society regarding paper money. Some even considered counterfeiting to have beneficial effects, a view which persisted well into the nineteenth century.