Definition of new money in English:

new money


mass noun
  • 1Wealth that has been recently acquired, typically that which a person has earned rather than inherited.

    ‘then came the new men with new money’
    • ‘If you've owned the fund shares long enough to still have a profit, it might be better to hold your position - and even add new money to that fund.’
    • ‘Funds rated four or five by Morningstar capture a disproportionate share of the new money invested in funds, according to analysts.’
    • ‘The firm is expected to announce that it has raised £4.1m of new money and will have a market value of about £14m.’
    • ‘Friends said the new money raised will improve its capital position and allow it to be more aggressive.’
    • ‘The chatter is loud and international - old money, new money, earls and entrepreneurs.’
    1. 1.1 People who have recently become wealthy, typically through earned income rather than an inheritance.
      ‘criminals, entrepreneurs, politicians, gangsters, old money and new money—all hang out in the same places, united by cash not class’
      • ‘D' Arcy knows that the money flowing into his shop is now as likely to be earned from web design as the nouveau needs of old new money.’
      • ‘He's not quite sure who the Owens are, because they're new money.’