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medium of exchange

Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun Something, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun An intermediary used in trade to avoid the inconveniences of a pure barter system, such as money.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region

Etymologies

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