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Thinking in its lower grades, is comparable to paper money, and in its higher forms it is a kind of poetry.
Havelock Ellis
PRONUNCIATION OF PAPER MONEY
GRAMMATICAL CATEGORY OF PAPER MONEY
Paper money is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.
WHAT DOES PAPER MONEY MEAN IN ENGLISH?
Banknote
A banknote is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. When banknotes were first introduced, they were, in effect, a promise to pay the bearer in coins, but gradually became a substitute for the coins and a form of money in their own right. Banknotes were originally issued by commercial banks, but since their general acceptance as a form of money, most countries have assigned the responsibility for issuing national banknotes to a central bank. National banknotes are legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of «backing» notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat.
Definition of paper money in the English dictionary
The definition of paper money in the dictionary is paper currency issued by the government or the central bank as legal tender and which circulates as a substitute for specie.
Synonyms and antonyms of paper money in the English dictionary of synonyms
Translation of «paper money» into 25 languages
TRANSLATION OF PAPER MONEY
Find out the translation of paper money to 25 languages with our English multilingual translator.
The translations of paper money from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «paper money» in English.
Translator English — Chinese
纸币
1,325 millions of speakers
Translator English — Spanish
el papel moneda
570 millions of speakers
Translator English — Hindi
कागज पैसे
380 millions of speakers
Translator English — Arabic
النقود الورقية
280 millions of speakers
Translator English — Russian
бумажные деньги
278 millions of speakers
Translator English — Portuguese
papel-moeda
270 millions of speakers
Translator English — Bengali
নোট
260 millions of speakers
Translator English — French
le papier-monnaie
220 millions of speakers
Translator English — Malay
duit kertas
190 millions of speakers
Translator English — German
Papiergeld
180 millions of speakers
Translator English — Japanese
紙幣
130 millions of speakers
Translator English — Korean
종이 돈
85 millions of speakers
Translator English — Javanese
Dhuwit kertas
85 millions of speakers
Translator English — Vietnamese
tiền giấy
80 millions of speakers
Translator English — Tamil
காகித பணம்
75 millions of speakers
Translator English — Marathi
कागदी चलन
75 millions of speakers
Translator English — Turkish
kağıt para
70 millions of speakers
Translator English — Italian
carta moneta
65 millions of speakers
Translator English — Polish
papierowe pieniądze
50 millions of speakers
Translator English — Ukrainian
паперові гроші
40 millions of speakers
Translator English — Romanian
bani de hârtie
30 millions of speakers
Translator English — Greek
χαρτονόμισμα
15 millions of speakers
Translator English — Afrikaans
papier geld
14 millions of speakers
Translator English — Swedish
papperspengar
10 millions of speakers
Translator English — Norwegian
papirpenger
5 millions of speakers
Trends of use of paper money
TENDENCIES OF USE OF THE TERM «PAPER MONEY»
The term «paper money» is very widely used and occupies the 16.100 position in our list of most widely used terms in the English dictionary.
FREQUENCY
Very widely used
The map shown above gives the frequency of use of the term «paper money» in the different countries.
Principal search tendencies and common uses of paper money
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «paper money».
FREQUENCY OF USE OF THE TERM «PAPER MONEY» OVER TIME
The graph expresses the annual evolution of the frequency of use of the word «paper money» during the past 500 years. Its implementation is based on analysing how often the term «paper money» appears in digitalised printed sources in English between the year 1500 and the present day.
Examples of use in the English literature, quotes and news about paper money
2 QUOTES WITH «PAPER MONEY»
Famous quotes and sentences with the word paper money.
People would rather have art or gold instead of paper money.
Thinking in its lower grades, is comparable to paper money, and in its higher forms it is a kind of poetry.
10 ENGLISH BOOKS RELATING TO «PAPER MONEY»
Discover the use of paper money in the following bibliographical selection. Books relating to paper money and brief extracts from same to provide context of its use in English literature.
Three seemingly unrelated events occur on a single morning in London.
2
Paper Money Collapse: The Folly of Elastic Money and the …
I strongly recommend this book to anyone interested in financial crises, economic recessions, and the future of capitalism.» —JESúS HUERTA DE SOTO, Professor of Political Enonomy, King Juan Carlos University (Madrid); author of Money, …
Detlev S. Schlichter, 2011
3
Standard Catalog of World Paper Money: General issues …
This extensively updated 9th edition features a significant increase in listings of global Government Paper Money, Bank Notes, and Emergency (Substitute) Money.
Colin R. Bruce, II, Neil Shafer, 2000
4
Paper Money of the United States: A Complete Illustrated …
Lists and displays values for paper currency made in the United States.
Arthur Friedberg, Ira S. Friedberg, 2010
5
Standard Catalog of United States Paper Money
Illustrates each type of bill and note in American paper money, and provides current values.
6
Standard Catalog of World Paper Money General Issues — 1368-1960
Provides values for world bank notes issued between 1368-1960, discussing denomination, printer and printing date, color, design, care, and grading terminology.
7
Standard Guide to Small-Size U.S. Paper Money
The book also contains detailed tutorial information to guide the collector.
John Schwartz, Scott Lindquist, 2011
8
2013 Standard Catalog of World Paper Money — Modern Issues: …
Provides values for world bank notes issued between 1961 and the present, discussing denomination, printer and printing date, color, design, care and grading terminology. Original.
9
Standard Catalog of World Paper Money, Specialized Issues
With more than 25,000 updated prices and 12,000 illustrations of paper money issued since 1600, this book delivers the details you need in an easy-to-use book you can rely on.
10
Warman’s Coins And Paper Money: Identification and Price Guide
The only single-volume guide to valuation and identification of coins, medals, tokens and paper money of the world. This is undoubtedly the best reference available for beginning coin collectors.
10 NEWS ITEMS WHICH INCLUDE THE TERM «PAPER MONEY»
Find out what the national and international press are talking about and how the term paper money is used in the context of the following news items.
Have we missed our last opportunity for banking reform?
In a world swimming in central bank-created paper money, you’d think the gold price would be riding high as the only currency that cannot be … «Irish Independent, Jul 15»
Blockchain — a disruptive force for good?
While Bitcoin is unlikely to dislodge paper money, its greatest legacy would be the benefits of the underlying blockchain technology to the … «gulfnews.com, Jul 15»
Keep Hamilton on $10 bill
Andrew Jackson hated banks and paper money. In 1954, I wrote a college term paper for American History titled “Andrew Jackson’s War with … «Times Daily, Jul 15»
The mother of Mexico’s most notorious drug lord says he gets …
«I remember he had a lot of paper money, little notes of 50s and 5s. He’d count and recount them and then tie them up in little piles,» Loera said … «Business Insider, Jul 15»
Johnston: One way to raise money
In my humble opinion, there would be a very active market for commemorative paper money among American collectors. Commemorative … «Milford Daily News, Jul 15»
Investigators say Leander man manufactured fake money
“Most real money is durable, it’s crisp,” said Steve Russo with Watchful Eye Investigations. “You can tell. Paper money can get warn if you hold … «KXAN.com, Jul 15»
Reader asks: Should you bail out of gold?
… the government or paper money. If you were going to protect yourself from disaster and runaway inflation, you were supposed to buy gold. «Chicago Tribune, Jul 15»
Smithsonian Institution exhibit reviews the concept of money
The Smithsonian exhibit, of course, has a lot that appeals to traditionalists — 1804 dollars, gold coins and paper money, and more. For the … «Coin World, Jul 15»
No fool-proof way to invest
He says gold could be one’s only store of wealth if QE efforts do nothing measurable for the real economy and render paper money worthless, … «The Star Online, Jul 15»
Global economic termites are eating away gold price foundations
… eventually dispatched from London to try to persuade Sheikh Shakhbut to accept paper money in the form of pounds sterling instead of gold. «Telegraph.co.uk, Jul 15»
REFERENCE
« EDUCALINGO. Paper money [online]. Available <https://educalingo.com/en/dic-en/paper-money>. Apr 2023 ».
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English[edit]
Pronunciation[edit]
- (UK) IPA(key): /ˌpeɪpə ˈmʌni/
- (US) IPA(key): /ˌpeɪpəɹ ˈmʌni/
Etymology 1[edit]
Formed within English, by compounding: paper (noun) + money (noun).
Noun[edit]
paper money (uncountable)
- Cash in the form of banknotes.
- Synonym: folding money
- Antonym: commodity money
Translations[edit]
a form of banknotes
- Bulgarian: банкноти f pl (banknoti)
- Chinese:
- Mandarin: 紙幣／纸币 (zh) (zhǐbì)
- Crimean Tatar: kâğıt aqça
- Danish: papirpenge c pl
- Esperanto: banknotoj
- Estonian: paberraha
- Finnish: paperiraha (fi), setelit pl, seteliraha (fi)
- French: billet (fr) m, papier-monnaie (fr) m
- Galician: papel moeda m
- German: Banknote (de) f, Papiergeld (de) n
- Greek: χαρτονόμισμα (el) n (chartonómisma)
- Hungarian: papírpénz (hu)
- Indonesian: uang kertas (id)
- Irish: airgead páipéir m
- Italian: biglietto (it) m, cartamoneta (it) f, denaro (it) m, banconota (it) f
- Japanese: 紙幣 (ja) (しへい, shihei)
- Korean: 지폐(紙幣) (ko) (jipye)
- Manx: argid pabyragh m
- Portuguese: papel-moeda (pt) m
- Russian: бума́жные де́ньги f pl (bumážnyje dénʹgi), банкно́ты (ru) f pl (banknóty), купю́ры (ru) f pl (kupjúry)
- Santali: ᱠᱟᱜᱚᱡᱽ ᱠᱟᱹᱣᱰᱤ
- Spanish: papel moneda m
- Vietnamese: tiền giấy
- Welsh: arian papur (cy) m
- Yakut: кумааҕы харчы (kumaağı qarcı)
Etymology 2[edit]
Calque of Chinese 紙錢／纸钱 (zhǐqián).
Alternative forms[edit]
- paper-money
Noun[edit]
paper money (uncountable)
- A type of joss paper resembling banknotes burnt to venerate the deceased, ancestor spirits, deities, etc.
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1848, Samuel Wells Williams, The Middle Kingdom: A Survey of the Chinese Empire and its Inhabitants, page 558:
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Moreover, you say that serving Fuh is a profitable service; that if you burn paper money, present offerings, and keep fasts before the face of your god Fuh, he will dissipate calamities, blot out your sins, increase your happiness, and prolong your age!
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1873, William Curry, Jun., & Company, The Dublin University Magazine, volume 81, page 393:
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Tablets in honour of the dead are set up in every house over a sort of family altar; and at certain times flowers are offered and paper-money is burned at these shrines.
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1893, Henry Addison Nelson & Albert B. Robinson, The Church at Home and Abroad, page 108:
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Tsze Chien means “paper money” – not the real bank notes which are so extensively used in China as money but the make-believe tinsel money which the Chinese burn as part of their religious worship.
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1931, United States National Museum, Proceedings of the United States National Museum, volume 80, page 75:
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People had also begun to burn paper money (it was believed that burning transformed it into real money that could be used by the departed souls in hades) instead of placing actual coins in the tombs.
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1967, C. Y. Lee, The land of the golden mountain, page 175:
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“Let’s burn the paper money,” Mai Mai said. She brought out a stack of yellow paper from her pocket – coarse paper with small circles cut in it to represent coins. Longevity lighted the paper money and kowtowed another time.
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1985, Joseph Needham & Tsien Tsuen-Hsuin, Science and Civilisation in China, page 102:
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The paper money for the spirits consisted of imitations either of metal coins or of real money, but the latter had different sets of inscriptions and patterns to distinguish it from counterfeit money.
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1996, Joo Ee Khoo, The Straits Chinese: A Cultural History, page 53:
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After paying homage to the departed, the ritual is concluded by a libation of rice wine poured on to an additional stack of burning paper money.
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2003, Charles de Ledesma, Mark Lewis & Pauline Savage, The rough guide to Malaysia, Singapore & Brunei, page 414:
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Supplicants burn paper money and joss sticks, and pray for good fortune to the temple deity, Tua Pek Kong.
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2007, Catherine Chambers, End-of-life rituals, page 7:
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Many societies follow traditional funeral rites and practices. In China, this may involve burning paper money or possessions for the deceased to use in the afterlife.
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2016, Kelly Jackson-Nash, CultureShock! Singapore, page [unpaginated]:
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If a mourner is either Taoist or Buddhist they may hold a burning joss stick while bowing. A family member will usually be kneeling nearby to burn joss sticks and paper money.
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2017, Lonely Planet, Lonely Planet Discover Malaysia & Singapore: Top sights, authentic experiences, page [unpaginated]:
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Built in the early 19th century by the first Hokkien and Cantonese settlers in Penang, the temple isn’t so impressive architecturally, but it’s very central and popular with the Chinese community, and seems to be forever swathed in smoke from the outside furnaces where whorshippers burn paper money, and from the incense sticks waved around inside.
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- Synonym: hell money
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Usage notes[edit]
Not commonly used in spoken English, though not uncommon in written works. Also, commonly collocate with «burn» as in burn paper money.
Translations[edit]
type of joss paper
- Chinese:
- Mandarin: 紙錢／纸钱 (zh) (zhǐqián)
- Finnish: joss-raha
- Portuguese: please add this translation if you can
- PAPER MONEY
- (бумажные деньги) 1. Законное средство платежа в форме банкнотов. 2. Банкноты и любые виды ценных бумаг, которые могут быть использованы в качестве денег, например чеки, векселя (bills of exchange), простые векселя и т.п., даже в том случае, если они не являются законным средством платежа.
Финансы: Оксфордский толковый словарь. — М.: Весь Мир.
Батлер Б., Джонсон Б., Сидуэлл Г., Вуд Э., Клаттербак Б., Айзек А., Бриндли Б., Уолтерс P.M., Райт М..
1998.
Смотреть что такое «PAPER MONEY» в других словарях:
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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
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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
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Paper Money — Album par Montrose Sortie 1974 Enregistrement Warner Bros. Studios, North Hollywood, Californie Durée 34:50 Genre Hard Rock … Wikipédia en Français
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paper money — index check (instrument), currency, debenture Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
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paper money — n [U] money made of paper, not coins →↑note … Dictionary of contemporary English
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paper money — noun uncount money in the form of pieces of paper, not coins … Usage of the words and phrases in modern English
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paper money — ► NOUN ▪ money in the form of banknotes … English terms dictionary
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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
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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
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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.… … Investment dictionary
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paper money — N UNCOUNT Paper money is money which is made of paper. Paper money is usually worth more than coins … English dictionary
Paper Money Definition
Paper money is a country’s currency in the form of bank notes which have a specific value and are used to pay for goods and services. Paper money holds the backing of a country’s government while the central bank keeps a controls over the note’s printing and circulation.
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Table of contents
- Paper Money Definition
- Understanding Paper Money
- Paper Money in the US
- Paper Money in China
- Recommended Articles
- Paper money or a banknoteA banknote refers to a country’s currency in the form of paper.read more is a form of currency that bears different denominations in most cases and is used as an authorized medium to make payments for goods and services. The denominations represent the value of the notes.
- They have been around since 1000 AD when China started issuing them due to the inconvenient weight of the coins.
- Though initially backed by precious metals, most paper money today is fiat money. The government backs fiat moneyFiat money is a currency that is declared by the government to be legal tender and has no physical backing such as gold; rather, the value of fiat money is derived from the market’s demand-supply relationship. India’s and America’s fiat currencies are the India Rupee and the US Dollar, respectively.read more. Fiat money does not hold any intrinsic value and is instead valued based on the stability of the government.
Understanding Paper Money
Paper money represents a certain face value printed on the paper. It acts as a medium of exchange for trading, gifting and welfare purpose. Let us take you through the evolution of money to understand paper money better.
- Millenniums ago, people participated in the barter system of exchange to acquire any commodity they were in need of. People exchanged a commodity in exchange for another. The objects of exchange were anything from weapons, metals, fabric, animal skin, to food products.
- This was inefficient due to the difficulty in equating the value of one item with another. For example, knowing the worth of wooden logs is difficult when one wants to barter it with an exact value of corn or rice.
- Gradually, some societies started using gold and silver as a medium of exchange as they were precious metals with huge demand. The Lydian Kings are said to be the inventor of money as they produced the first coins around 600 BC.
- Coins made of metal such as gold, silver and copper prospered as a medium of exchange in different societies. It started creating a shortage of metals in addition to weighing down the carriers with their weight.
- A promissory noteA promissory note is defined as a debt instrument in which the issuer of the note promises to pay a specified amount to a party on a particular date.read more started appearing as a solution to this problem. The first paper money was issued in China under the Song Dynasty (AD 960–1279). The notes were backed by silver or gold. Paper notes surfaced in Europe after over 500 years when the legendary explorer Marco Polo mentioned about their existence in China.
- Till 1971, the paper notes continued to work as commodity money backed with the values of gold or silver. In the 19th Century, paper money as we know it today emerged, which was a fiat currency or a banknote. Examples include a dollar, euro, or peso etc.
- Most of the paper money today is fiat money. Fiat money is backed by the government of a country and is considered to be a legal tender. The value of commodity money equated to the weight of the substance it was made from. Fiat money does not hold any such intrinsic valueIntrinsic value is defined as the net present value of all future free cash flows to equity (FCFE) generated by a company over the course of its existence. It reflects the true value of the company that underlies the stock, i.e. the amount of money that might be received if the company and all of its assets were sold today.read more.
- The value of fiat money is based on the stability of the government that has issued it. For the countries under recession or facing political crisis, the value of their currency falls sharply, reducing the value of their fiat money.
- Fiat money allows the printing control to lie with a country’s central bank. It gives the bank an avenue to issue more notes in shortage. It often poses the threat of printing an undue amount of notes which could lead to inflation.
- Paper money in countries such as India, China, Mexico and the like endure the brunt of counterfeit. As such, governments worldwide keep coming with different methodologies to overcome this issue to strengthen their currency’s security. Becoming cashless with digital payments and cryptocurrencyCryptocurrency refers to a technology that acts as a medium for facilitating the conduct of different financial transactions which are safe and secure. It is one of the tradable digital forms of money, allowing the person to send or receive the money from the other party without any help of the third party service.read more was one such move, in addition to enhancing the convenience.
Paper Money in the US
With the Mint Act of 1792, the US dollar or simply dollar became the United States of America’s official currency. In 1793, the first U.S. coins came into being. In 1861, due to the Civil War, the government issued and circulated its first paper money, referred to as greenbacks. GreenbacksGreenback refers to the first paper money issued by the United States government in the 19th century to finance the expenses of the American Civil War.read more were demand notes, and they were an attempt to finance the war. Greenbacks were retired in 1862. In their place were issued United States notes, also called legal tender notes.
It was not until 1913 that the government passed the Federal Reserve Act, which led to establishing the US Federal Reserve System. The act gave the Federal Reserve Banks the authority to issue the still in function – Federal Reserve Banknotes.
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Gradually, the dollar became fiat money after 1970. The banknotes in the US are made from cotton fiber, giving them a unique texture to prevent counterfeit. The US dollar is a global reserve currency and is used by many other countries as their currency. Dollar comes in denominations of $1, $2, $5, $10, $20, $50 and $100.
The US dollar is one of the most powerful currencies in the world. One crucial reason that most currencies are usually measured against the dollar is that the dollar had emerged as economically strong after the World Wars. Besides, since it is a fiat currency, the US’s prosperity and internal stability have often ensured that it remains strong.
Paper Money in China
After dealing with commodity money for a long time, the people in China started to get tired from the weight of carrying metal coins around. Moreover, there started to be a shortage of certain metals. In the Tang Dynasty (618–907 CE) reign, many merchants started to keep their coins in a trustworthy agent’s custody.
In return, the agent recorded the number of coins submitted on a piece of paper which acted as a promissory note. The note could be used in trades and exchanged in return for coins from the agent.
Later on, the Song Dynasty saw the most earlier known appearances of paper notes backed by an authority. The dynasty issued paper money that had the backing of its administration and was named jiaozi. As the Chinese interacted with other cultures along the silk trail, other kingdoms and dynasties noticed the benefits of jiaozi and started adopting their own kind. With the changes in the dynasties, the money kept changing.
In December 1948, China saw its first renminbi (RMB), which translates to “people’s currency.” It was issued with the foundation of the People’s Bank of China (PBOC). After the Civil War, the People’s Republic of China came into being, and the yuan earned itself the badge of being the only unified legal currency. Yuan comes in many denominations like the US denominations. The paper is made of the wood fiber.
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The government launched several RMB series over the years. Recently, China was in the news for testing out its own digital currencyDigital currency is a currency found only in an electronic form as it is used for trading over the internet. They are famous for allowing transparent and secured digital payments. Although their popularity is constantly growing, their adoption as a reliable alternative to physical money is nowhere close. Some of the popular digital currencies are Ethereum, Bitcoin, and Litecoin.read more, Digital Yuan, which puts it in the race to develop the world’s first sovereign digital currency.
Recommended Articles
This has been a guide to what is Paper Money and its definition. Here we discuss examples of how paper money is used in the US and China. You can learn more from the following articles –
- Special Drawing Rights
- Hard Money Loan
- Hot Money
- Neutrality of Money
- Top Definitions
- Quiz
- Related Content
- Examples
- British
This shows grade level based on the word’s complexity.
This shows grade level based on the word’s complexity.
noun
currency in paper form, such as government and bank notes, as distinguished from metal currency.
QUIZ
CAN YOU ANSWER THESE COMMON GRAMMAR DEBATES?
There are grammar debates that never die; and the ones highlighted in the questions in this quiz are sure to rile everyone up once again. Do you know how to answer the questions that cause some of the greatest grammar debates?
Which sentence is correct?
Origin of paper money
Middle English word dating back to 1350–1400
Words nearby paper money
paperhanging, paper knife, paperless, papermaker, paper match, paper money, paper mulberry, paper nautilus, paper over, paperperson, paper profit
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Words related to paper money
How to use paper money in a sentence
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Central banks like the US Federal Reserve are printing more paper money than ever.
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As society accelerates into its digital future, the UK is taking steps to protect the centuries-old technology known as paper money.
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She recounts that, as a currency, cowries “have circulated longer than any other single coin or paper money in history.”
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With fewer people carrying paper money, and with some places no longer accepting it, we’ve become ever more reliant on electronic cash provided by commercial institutions, from PayPal to Visa.
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Last year’s economics prize notably went to a team that tested to see which country’s paper money transmitted the most harmful bacteria.
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Just a gradual, bearable, steady impoverishment in a world where savings linked to the value of paper money languish.
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If so, why do the rest of us have to put up with legal-tender paper money?
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Also, coins did not conveniently slide into the “vault” (Bunny-speak for bodice) the way paper money did.
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The Treasury Department could sell the licensing rights to all our paper money.
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At present this medium is paper money depreciated, as in the case of the Reichsbank notes, by nearly 30 per cent.
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The issue of government paper money is, indeed, a new departure; but its purpose has been more distinctly monetary than fiscal.
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The day of reckoning, Mr. Mac Quedy, is the point which your paper-money science always leaves out of view.
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Coins should be boiled, and paper money should be dipped in the 10 per centum carbolic acid solution and dried at a stove.
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I found many people who were going without their next meal because they could not get their paper money changed.
British Dictionary definitions for paper money
noun
paper currency issued by the government or the central bank as legal tender and which circulates as a substitute for specie
Collins English Dictionary — Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
What Is Paper Money?
Paper money is a country’s official, paper currency that is circulated for the transactions involved in acquiring goods and services. The printing of paper money is typically regulated by a country’s central bank or treasury in order to keep the flow of funds in line with monetary policy.
Paper money tends to be updated with new versions that contain security features and attempt to make it more difficult for counterfeiters to create illegal copies.
Key Takeaways
- Paper money is a country’s official, paper currency that is circulated for the transactions involved in acquiring goods and services.
- The printing of paper money is typically regulated by a country’s central bank or treasury in order to keep the flow of funds in line with monetary policy.
- Paper money tends to be updated with new versions that contain security features and attempt to make it more difficult for counterfeiters to create illegal copies.
Understanding Paper Money
The first recorded use of paper money was purported to be in the country of 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.
Example of Paper Money
In the U.S., paper money is considered fiat money. This means that it has no actual value except as an accepted medium of exchange. Before 1971, this was not the case; U.S. banknotes were backed by a certain amount of gold, which was dictated by the Federal Reserve.
The U.S. dollar has been the dominant reserve currency since the end of World War II. Prior to World War II, the British pound was the dominant reserve currency.
More than 350 million people around the world use the dollar as their main form of currency—and more than $17 trillion of economic activity is accounted for with U.S. paper money. U.S. paper money is the official currency in a number of countries and areas outside of the territorial United States. These countries include Ecuador, El Salvador, Zimbabwe, Timor-Leste, Micronesia, Palau, and The Marshall Islands. The dollar is also used in all U.S. territories, including Puerto Rico and Guam. Turks and Caicos and the British Virgin Islands, both British territories in the Caribbean, also use U.S. paper money as their currency.
There are also countries that regularly use the U.S. dollar alongside their own local currency, including Bahamas, Barbados, St. Kitts and Nevis, Belize, Costa Rica, Nicaragua, Panama, Myanmar, Cambodia, and Liberia, as well as several Caribbean territories.
The euro is another form of paper money that is used in multiple countries. As of 2020, 19 of the 27 member states in the European Union (EU) use the euro as their official currency.
Special Considerations
While paper money is the most accepted medium of exchange, companies often issue shares of their own company to purchase other companies and reward their staff. Shares are units of ownership in a company that entitle the shareholder to an equal distribution in any profits. Of all accepted mediums of exchange, shares are closest to paper money because they can be exchanged on the open market for cash.
Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
paper money
n
(Banking & Finance) paper currency issued by the government or the central bank as legal tender and which circulates as a substitute for specie
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
pa′per mon′ey
n.
currency in paper form, such as government and bank notes, as distinguished from metal currency.
[1350–1400]
Random House Kernerman Webster’s College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
Mentioned in
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- assignat
- bank bill
- bank note
- banker’s bill
- banknote
- bankroll
- bankroller
- bill
- billable
- billed
- billfold
- billhook
- buck
- bullionism
- cabbage
- cash
- cash in
- cash in on
- cash machine
References in classic literature
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The imposition of duties on imported articles, and the emission of paper money, are specimens of each kind.
They are not, for instance, to emit paper money; but the interdiction results from the Constitution, and will have no connection with any law of the United States.
France, less favoured on the whole as to matters spiritual than her sister of the shield and trident, rolled with exceeding smoothness down hill, making paper money and spending it.
On the table was a pile of gold and paper money, and he was keeping the bank.
Paper money is issued by individuals as they require it and redeemed twice yearly.
A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it; in the same proportion as such a malady is more likely to taint a particular county or district, than an entire State.
There was a Note attached to it, which cannot fail to enhance its value in the estimation of all right-minded persons who assist the circulation of paper money.
It was but a little over a hundred sovereigns that Raffles had taken, and, of course, he had resolutely eschewed any and every form of paper money. He posted his own first contribution of twenty-five pounds to the Founder’s Fund immediately on our return to town, before rushing off to more first-class cricket, and I gathered that the rest would follow piecemeal as he deemed it safe.
These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.
The fictional element of paper money referred to the text printed on every banknote issued by the Bank of England, «payable to the bearer on demand in gold.» As everyone knew that this promised exchange of paper for gold was neither realistic nor even possible, the words, or story, printed on the banknote functioned as a brief work of fiction, but the promissory phrase was also a legally binding contract, meaning that the Bank of England had been operating one rush-on-the-Bank away from insolvency for years.
All are to be rewarded with fifty ingots worth of paper money, boots and stockings equivalent to paper money valued at 50 ingots, and sixty jin of food and tea.
Mihm points out that colonial North America was the world’s most tolerant society regarding paper money. Some even considered counterfeiting to have beneficial effects, a view which persisted well into the nineteenth century.
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1
: money consisting of government notes and banknotes
Example Sentences
Recent Examples on the Web
One of the benefits of a digital currency would be as a backup to card payments if cash payments continue to drop in the years to come — by the end of this decade, only one in 10 payments in the U.K. are expected to be made with traditional paper money.
—
Pan Pylas, Star Tribune, 19 Apr. 2021
Walmart, Kroger impacted by nationwide shortage of coin change sparked by COVID-19 pandemic Thirty-two percent, or nearly one-third, of consumers want to see paper money and coins phased out, 45 percent want to do away with pennies, and another 30.5 percent wants all coins to disappear.
—Shacamree Gowdy, Houston Chronicle, 13 Aug. 2020
Having invented paper money more than 1,000 years ago, China is now leading the charge into credit-card free online payments.
—Edward Chancellor, WSJ, 13 Nov. 2022
But it’s been more than a century since a woman appeared on paper money in America, and efforts to change this have stalled.
—Washington Post, 12 Jan. 2022
With the crisis escalating, the colonial government quickly established a currency board, issuing fully backed, convertible-on-demand government notes — paper money.
—Caleb Hofmann, National Review, 18 Jan. 2023
By the late 1700s, paper money was being used throughout Europe.
—Allison Futterman, Discover Magazine, 20 Mar. 2022
The small beans, which plump up when cooked, symbolize coins while the greens share the color of paper money.
—Gwendolyn Wu, Chron, 27 Dec. 2022
Sierra Leone’s central bank has removed three zeros from its bank notes, hoping to restore confidence in the currency and reduce the amount of paper money in circulation while keeping its value unchanged.
—Elian Peltier, New York Times, 26 Dec. 2022
See More
These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘paper money.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1691, in the meaning defined at sense 1
Time Traveler
The first known use of paper money was
in 1691
Dictionary Entries Near paper money
Cite this Entry
“Paper money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/paper%20money. Accessed 14 Apr. 2023.
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Last Updated:
9 Apr 2023
— Updated example sentences
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Merriam-Webster unabridged
Значение слова «PAPER MONEY» найдено в 14 источниках
Syn:
paper currency
See:
specie, bank note 1), commodity money
* * *
бумажные деньги: банкноты.
* * *
бумажные деньги
* * *
Финансы/Кредит/Валюта
бумажные деньги
законное средство платежа в форме банкнот
Paper Money: translation
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.
paper money: translation
paper money paper money ➔ money
* * *
paper money
UK US noun
[
U
] (also paper currency)
MONEY
► »
The US has recently redesigned all of its paper money to fight against counterfeiting.
1. Законное средство платежа в форме банкнотов. 2. Банкноты и любые виды ценных бумаг, которые могут быть использованы в качестве денег, например чеки, векселя (bills of exchange), простые векселя и т.п., даже в том случае, если они не являются законным средством платежа.
{ʹpeıpə͵mʌnı}
бумажные деньги
Бумажные деньги, банкноты
paper money
[ʹpeıpə͵mʌnı] бумажные деньги
[ʹpeıpə͵mʌnı]
бумажные деньги
бумажные деньги, бумажное денежное обращение
paper money бумажные деньги;
by Liz Walter
When teaching an intermediate class recently, I was surprised to find that very few of the students (who were from various parts of the world) knew how to say prices, so this blog will explain this very basic function and also look at some other vocabulary connected with money.
First, the prices. There is more than one correct way to say a price, but the most common one is simply to say the number of pounds followed by the number of pence (or the number of dollars followed by the number of cents):
£3.50 ‘Three fifty’
$4.95 ‘Four ninety five’
Sometimes we also say the words pounds, pence, dollars, or cents in the price. There is no difference, and neither way is better or worse. In American English, if you use these words, you have to say and in the middle. In British English, you can say and or leave it out:
£1.45 ‘One pound and forty five pence’ or ‘One pound forty five pence’
$20.80 ‘Twenty dollars and eighty cents’
If the price is an exact number of pounds or dollars, you must use those words:
£50.00 ‘Fifty pounds’
$760.00 ‘Seven hundred and sixty dollars’
We often say a instead of one before prices of £100, £1,000, etc. and also any price from £100 – £199:
£1,000,000 ‘a million pounds’ or ‘one million pounds’
$134 ‘a hundred and thirty four dollars’ or ‘one hundred and thirty four dollars’
If a British price is less than a pound, we can pronounce it in two ways:
50p ‘Fifty pence’ ‘Fifty pee’
For an American price less than a dollar, use cents.
If you are in Britain, you should also be aware that we often use informal words for money. For instance, we say quid instead of pound: I spent fifty quid on food today.
The usual British word for paper money is note. However, we often call a five pound note a fiver and a ten pound note a tenner. There is no common informal word for a twenty pound note.
To talk about coins, we often use the word piece, or more informally bit: a fifty/twenty pence piece
Americans call paper money bills, and a 10 cent piece is called a dime.
One final word of warning: do not – as my students tried to do – use the word ‘point’ when you are saying a price such as £2.30 – that is only for mathematics!