Definition of near money in English:

near money


mass nounFinance
  • Assets which can readily be converted into cash, such as bills of exchange.

    • ‘But as technology continues to revolutionize our financial system, the identification of particular claims as money, near money, or a store of future value has become exceedingly difficult.’
    • ‘Such near money might become an attractive alternative to demand deposits.’
    • ‘The solution suggested is ad hoc, and the problem of controlling inflation could be treated better by the control of the money supply and the near money substitutes.’