money made
money made. A sheriff’s return on a writ of execution signifying that the sum stated on the writ was collected. [Cases: Execution 335. C.J.S. Executions § 324.]
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money market fund
A mutual fund that invests in low-risk government securities and short-term notes.
money demand
money demand. A claim for a fixed, liquidated sum, as opposed to a damage claim that must be assessed by a jury. [Cases: Damages 200. C.J.S. Damages § 319.]
purchase money resulting trust
A resulting trust that arises when one person buys property but directs the seller to transfer the property and its title to another. • Although a purchase-money resulting trust is properly understood as a court-imposed equitable remedy rather than as a true trust, the buyer is occasionally referred to as the “beneficiary” and the titleholder
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money
money. 1. The medium of exchange authorized or adopted by a government as part of its currency; esp. domestic currency (coins and currency are money). UCC § 1-201(b)(24). 2. Assets that can be easily converted to cash (demand deposits are money). 3. Capital that is invested or traded as a commodity ( the money market).
paper money
Paper documents that circulate as currency; bills drawn by a government against its own credit.
purchase money mortgage
A mortgage that a buyer gives the seller, when the property is conveyed, to secure the unpaid balance of the purchase price. — Abbr. PMM. See SECURITY AGREEMENT. [Cases: Mortgages 1, 115. C.J.S. Mortgages §§ 2–6, 151.]
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purchase money security interest
A security interest that is created when a buyer uses the lender’s money to make the purchase and immediately gives the lender security (UCC § 9-103); a security interest that is either (1) taken or retained by the seller of the collateral to secure all or part of its price or (2) taken by a
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