Definition of near money in English:

near money

Syllabification: near mon·ey

noun

Finance
Assets that can readily be converted into cash, such as government bonds.
More example sentences
  • Such near money might become an attractive alternative to demand deposits.
  • But as technology continues to revolutionize our financial system, the identification of particular claims as money, near money, or a store of future value has become exceedingly difficult.
  • The solution suggested is ad hoc, and the problem of controlling inflation could be treated better by the control of the money supply and the near money substitutes.

More definitions of near money

Definition of near money in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day conspicuous
Pronunciation: kənˈspikyo͞oəs
adjective
standing out so as to be clearly visible