Definition of near money in English:
noun[mass noun] Finance
Assets which can readily be converted into cash, such as bills of exchange.
- 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.
Definition of near money in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.