One of the mysteries of the English language finally explained.
1A fortune recently acquired; funds recently raised.
- ‘The firm is expected to announce that it has raised £4.1m of new money and will have a market value of about £14m.’
- ‘The chatter is loud and international - old money, new money, earls and entrepreneurs.’
- ‘Funds rated four or five by Morningstar capture a disproportionate share of the new money invested in funds, according to analysts.’
- ‘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.’
- ‘Friends said the new money raised will improve its capital position and allow it to be more aggressive.’
- 1.1 Those whose wealth is recently acquired rather than inherited; the nouveau riche.
- ‘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.’
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