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Money - Indian Laws - GeneralExtract Word Money As per Black s Law Dictionary as follows: - money. 1. The medium of exchange authorized or adopted by a government as part of its currency; esp. domestic currency . 2. Assets that can be easily converted to cash . 3. Capital that is invested or traded as a commodity . 4. Funds; sums of money . Also spelled (in sense4) monies. See Medium of Exchange; Legal Tender. [M/S. D.N. SINGH VERSUS COMMISSIONER OF INCOME TAX, CENTRAL, PATNA AND ANOTHER- 2023 (5) TMI 746 - SUPREME COURT]
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