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3 definitions found
 for Medium of exchange
From The Collaborative International Dictionary of English v.0.48 :

  Medium \Me"di*um\, n.; pl. L. Media, E. Mediums. [L.
     medium the middle, fr. medius middle. See Mid, and cf.
     Medius.]
     1. That which lies in the middle, or between other things;
        intervening body or quantity. Hence, specifically:
        (a) Middle place or degree; mean.
            [1913 Webster]
  
                  The just medium . . . lies between pride and
                  abjection.                        --L'Estrange.
            [1913 Webster]
        (b) (Math.) See Mean.
        (c) (Logic) The mean or middle term of a syllogism; that
            by which the extremes are brought into connection.
            [1913 Webster]
  
     2. A substance through which an effect is transmitted from
        one thing to another; as, air is the common medium of
        sound. Hence: The condition upon which any event or action
        occurs; necessary means of motion or action; that through
        or by which anything is accomplished, conveyed, or carried
        on; specifically, in animal magnetism, spiritualism, etc.,
        a person through whom the action of another being is said
        to be manifested and transmitted.
        [1913 Webster]
  
              Whether any other liquors, being made mediums, cause
              a diversity of sound from water, it may be tried.
                                                    --Bacon.
        [1913 Webster]
  
              I must bring together
              All these extremes; and must remove all mediums.
                                                    --Denham.
        [1913 Webster]
  
     3. An average. [R.]
        [1913 Webster]
  
              A medium of six years of war, and six years of
              peace.                                --Burke.
        [1913 Webster]
  
     4. A trade name for printing and writing paper of certain
        sizes. See Paper.
        [1913 Webster]
  
     5. (Paint.) The liquid vehicle with which dry colors are
        ground and prepared for application.
        [1913 Webster]
  
     6. (Microbiology) A source of nutrients in which a
        microorganism is placed to permit its growth, cause it to
        produce substances, or observe its activity under defined
        conditions; also called culture medium or growth
        medium. The medium is usually a solution of nutrients in
        water, or a similar solution solidified with gelatin or
        agar.
        [PJC]
  
     7. A means of transmission of news, advertising, or other
        messages from an information source to the public, also
        called a news medium, such as a newspaper or radio; used
        mostly in the plural form, i. e. news media or media.
        See 1st media[2].
        [PJC]
  
     Circulating medium, a current medium of exchange, whether
        coin, bank notes, or government notes.
  
     Ethereal medium (Physics), the ether.
  
     Medium of exchange, that which is used for effecting an
        exchange of commodities -- money or current
        representatives of money.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  medium of exchange
      n 1: anything that is generally accepted as a standard of value
           and a measure of wealth in a particular country or region
           [syn: medium of exchange, monetary system]

From Moby Thesaurus II by Grady Ward, 1.0 :

  34 Moby Thesaurus words for "medium of exchange":
     and pence, cash, circulating medium, coinage, coined liberty,
     cold cash, currency, dollars, emergency money, filthy lucre,
     fractional currency, gold, hard cash, hard currency, legal tender,
     lucre, mammon, managed currency, mintage, money, necessity money,
     pelf, postage currency, postal currency, pounds, scrip, shillings,
     silver, soft currency, specie, sterling, the almighty dollar,
     the wherewith, the wherewithal
  
  

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