standard money

noun

1. money made of a metal that has utility and value apart from its use as a unit of monetary exchange.

Word History and Origins

Origin of standard money¹

First recorded in 1955–60

Example Sentences

Launched to revive economies after the 2007/08 financial crisis, the policy flipped standard money wisdom on its head: banks had to pay a fee to park cash with their central banks; some home-owners found mortgages that paid them interest; and rewards for the act of saving all but vanished.

From Reuters

They are now well above 1 percent, and, a month or so from now, standard money market fund rates should be above 2 percent.

From New York Times

The cushioned pads on that version slide around on me all the time, and you just don’t have to worry about that with the standard Money Maker straps.

From The Verge

The at-risk money — nearly $3,000 per student — is one slice of a complicated school funding formula and is distributed on top of the standard money that is allocated to each student.

From Washington Post

Even under the gold standard, money wasn’t purely a commodity.

From New York Times