Meaning & Definition of word "Currency"
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Currency
/ˈkɜːrənsi/
noun:
- 1. A system of money in general use in a particular country.
- Example: The euro is the currency used by many countries in the European Union.
- 2. The fact or quality of being generally accepted or in use.
- Example: Trust is an important currency in building strong relationships.
- 3. A medium of exchange, specifically coins and paper money.
- Example: She received her salary in cash currency instead of a check.
Etymology
From Middle English 'curraunt' and Old French 'currant', from Latin 'currens', meaning 'running' or 'flowing'.
Common Phrases and Expressions
foreign currency:
Money that is used in another country, different from one's own.
hard currency:
A type of currency that is widely accepted around the world.
fiat currency:
Money that has value because a government maintains it and people have faith in its value.
Related Words
monetary:
Relating to money or currency.
exchange rate:
The value of one currency for the purpose of conversion to another.
Slang Meanings of currency
Meaning: Dough
Example Sentence: I need to save up some dough for the concert.
Meaning: Bucks
Example Sentence: It's going to cost me a few bucks to get in.
Meaning: Cheddar
Example Sentence: He's making a lot of cheddar working overtime.