Current Money
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Lawful money; whatever passes current for money, whether coin or paper money. 27 111. 501; 9 Mo. 701; 8 Minn. 329. In commercial use, "currency" is confined to paper money, as distinguished from "specie" or coin money. 14 Mich. 379; 12 Wall. (U. S.) 657. CURRIT QUATUOR PEDIBUS (Law Lat. it runs upon four feet; or, as sometimes expressed, it runs upon all fours). A phrase used in arguments to signify the entire and exact application of a case quoted. "It does not follow that they run quatuor pedibus." 1 W. Bl. 145. CURRIT TEMPUS CONTRA DESIDES et sui juris contemptores. Time runs against the slothful and those who neglect their rights. Bracton, fols. 100b, 101; Fleta, lib. 4, c. 5, § 12.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
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.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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 through the community, and is generally received. Money is current which is received as money ini the common business transactions, and is the common medium in barter and trade. Stalworth v. Blum, 41 Ala. 321.
Defined under Current in Black's Law Dictionary.