Current Money
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
That which is in general use as a medium of exchange. It means the same thing as currency of the country.
Miller v. McKinney, 5 Lea (Tenn.) 96.
The adjective "current," when qualifying money, is not the synonym of "convertible." It is employed to describe money which passes from hand to hand, and is generally received. Money is current which is received in the common business transactions, and is the common medium in barter and trade; Stalworth v. Blum, 41 Ala. 321. Current money means that money which is commonly used and recognized as such; current bank notes, such as are convertible into specie at the counter where they were issued; see Fry v. Dudley, 20 La. Ann. 368; Kupfer v. Marc, 28 Ill. 388; Conwell v. Pumphrey, 9 Ind. 135, 68 Am. Dec. 611; McChord v. Ford, 3 T. B. Monr. (Ky.) 166; Warren v. Brown, 64 N. C. 381; Stalworth v. Blum, 41 Ala. 321.