Money

Money

1. Anything that serves the three basic purposes of money: medium of exchange; store of value; unit of account. 2. In modern economies, a currency issued by an agency of government. 3. As an adjective, "money" refers to the value of something denominated in the prevailing currency and not corrected for inflation; contrasts with real.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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Related terms

money

Banking; Investment banking

Generally accepted medium of exchange and payment in a society.

at the money

Banking; Investment banking

Situation where an option has an exercise price equal to or near the current price of the underlying. See also out of the money, in the money.

in the money

Banking; Investment banking

Situation where the spot price of an option's underlying is well above (call) or below (put) the strike price. See also at the money, out of the money.

money

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at-the-money

Financial services; Commodity exchange

When an option's exercise price is the same as the current trading price of the underlying commodity, the option is at-the-money.

in-the-money

Financial services; Commodity exchange

A term used to describe an option contract that has a positive value if exercised. A call at $400 on gold trading at $410 is in-the-money 10 dollars.

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