medium of exchange

medium of exchange
Date: 1714 something commonly accepted in exchange for goods and services and recognized as representing a standard of value

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Medium of exchange — Medium Me di*um, n.; pl. L. {Media}, {E}. {Mediums}. [L. medium the middle, fr. medius middle. See {Mid}, and cf. {Medius}.] 1. That which lies in the middle, or between other things; intervening body or quantity. Hence, specifically: (a) Middle… …   The Collaborative International Dictionary of English

  • medium of exchange — ˌmedium of exˈchange noun [singular] ECONOMICS something that can be used to buy goods or to measure someone s wealth. Money is the usual medium of exchange in most countries: • US currency is widely used as a medium of exchange here. * * *… …   Financial and business terms

  • medium of exchange — n. anything used as a measure of value in exchange for goods and services; currency, checks, etc …   English World dictionary

  • medium of exchange — index cash, currency, money Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Medium of exchange — Economics …   Wikipedia

  • medium of exchange — noun anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region • Syn: ↑monetary system • Hypernyms: ↑standard, ↑criterion, ↑measure, ↑touchstone • Hyponyms: ↑ …   Useful english dictionary

  • Medium Of Exchange — An intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency. The use of a medium of exchange allows for greater efficiency in the economy and creates… …   Investment dictionary

  • medium of exchange — UK / US noun [countable] Word forms medium of exchange : singular medium of exchange plural mediums of exchange or media of exchange something that people agree has value and can be used as money, for example gold …   English dictionary

  • medium of exchange — medium of ex change noun count something that people agree has value and can be used as money, for example gold …   Usage of the words and phrases in modern English

  • medium of exchange — me′dium of exchange′ n. something generally accepted as representing a standard of value and exchangeable for goods or services …   From formal English to slang

  • medium of exchange — Anything which serves to facilitate the exchange of things by providing a common basis of measurement such as money, checks, drafts, etc. See legal tender …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”