Meaning & Definition of word "Currency"

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.