Paper Money

Paper Money
A country's official, paper currency that is circulated for transaction-related purposes. The printing of paper money is typically regulated by a country's central bank/treasury in order to keep the flow of money in line with monetary policy. Paper money tends to be updated with new versions that contain security features that seek to make it more difficult for counterfeiters to create illegal copies.

The first recorded use of paper money was believed to be in China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of metallic coins to conduct transactions. Similar to making a deposit at a modern bank, individuals would transfer their coins to a trustworthy party and then receive a note denoting how much money they had deposited. The note could then be redeemed for currency at a later date.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • paper money — ➔ money * * * paper money UK US noun [U] (also paper currency) MONEY ► money in the form of paper, rather than coins or credit cards: »The US has recently redesigned all of its paper money to fight against counterfeiting …   Financial and business terms

  • Paper money — Paper Pa per (p[=a] p[ e]r), n. [F. papier, fr. L. papyrus papyrus, from which the Egyptians made a kind of paper, Gr. pa pyros. Cf. {Papyrus}.] 1. A substance in the form of thin sheets or leaves intended to be written or printed on, or to be… …   The Collaborative International Dictionary of English

  • Paper Money — Album par Montrose Sortie 1974 Enregistrement Warner Bros. Studios, North Hollywood, Californie Durée 34:50 Genre Hard Rock …   Wikipédia en Français

  • paper money — index check (instrument), currency, debenture Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • paper money — n [U] money made of paper, not coins →↑note …   Dictionary of contemporary English

  • paper money — noun uncount money in the form of pieces of paper, not coins …   Usage of the words and phrases in modern English

  • paper money — ► NOUN ▪ money in the form of banknotes …   English terms dictionary

  • paper money — ☆ paper money n. non interest bearing notes, as dollar bills, issued by a government or its banks as legal tender: the term may include checks, drafts, money orders, etc …   English World dictionary

  • Paper Money — Infobox Album Name = Paper Money Type = studio Longtype = Artist = Montrose Released = 1974 Recorded = Genre = Rock Length = 34:50 Label = Warner Bros. Producer = Ted Templeman and Montrose Reviews = * Allmusic Rating|3|5… …   Wikipedia

  • paper money — N UNCOUNT Paper money is money which is made of paper. Paper money is usually worth more than coins …   English dictionary

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