Definition of new money in US English:

new money


  • 1A fortune recently acquired; funds recently raised.

    ‘then came the new men with new money’
    • ‘The firm is expected to announce that it has raised £4.1m of new money and will have a market value of about £14m.’
    • ‘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.’
    • ‘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 Those whose wealth is recently acquired rather than inherited; the nouveau riche.
      ‘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.’