Lacy v. Telerook Ala
Categories: Property
Definition (1910 Edition)
90; Haddock v. Woods, 46 Iowa, 433.—Current money. The currency of the country; whatever is intended to and does actually circulate as currency; every species of coin or currency. Miller v McKinney, 5 Lea (Tenn.) 96. In this phrase the adjective “current” is not synonymous with “convertible.” It is employed to describe money which passes from hand to hand, from person to person, and circulates throngh the community, and is generally received. Money is enrrent which is received as money in the common business transactions, and is the common medium in barter and trade. Stalworth v. Blum, 41 Ala. 321—Current price. This term means the same as “market value.” Cases of
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
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