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English definition of “old money”

old money

noun [U] uk   us  

old money noun [U] (PEOPLE)

used to refer to rich people whose families have been rich for a long time: Much of big business is still controlled by old money.

old money noun [U] (MONEY)

a type of money that is no longer used
(Definition of old money from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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