Simple English definitions for legal terms
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Monies: Monies are funds or sums of money that can be easily converted to cash. It can be in the form of coins, paper currency, or assets that can be traded as a commodity. Money is used as a medium of exchange authorized by the government as part of its currency. It is also used for paying debts and investing. E-money or digital cash is a money substitute that is transformed into information stored on a computer or computer chip so that it can be transferred over information systems such as the Internet.
Definition: Monies refer to funds or sums of money that can be easily converted to cash. It can also refer to assets that are invested or traded as a commodity.
Examples:
These examples illustrate how monies can refer to different forms of funds or assets that can be easily converted to cash or traded as a commodity.