Browse Definitions :
Definition

currency

Contributor(s): Ivy Wigmore

Currency is anything that is generally accepted to have value as a medium of exchange so that it can be traded for goods and services. The trading system within an economy is based on its currency, which is usually specific to a country and issued by that country’s government.

Currency may or may not have a physical representation; cash, for example, is currency in the form of bills and coins that have value relative to goods and services as well as other currencies. Digital currencies, such as bitcoin, exist in software and are generated, stored and transferred electronically.

Currency can also refer to non-monetary assets that yield other benefits. Specialized knowledge or information is often considered a type of currency. Those who possess it can use it to acquire other things -- such as a job, a promotion or an audience.

In a business setting, data monetization is the process of turning corporate data into currency. Data currency may refer to an actual dollar figure assigned to data or more generally to its non-specific monetary value.

Social currency, another application of the term, refers to personal assets and attributes that help an individual succeed in social environments.

This was last updated in June 2019

Continue Reading About currency

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • compliance framework

    A compliance framework is a structured set of guidelines that details an organization's processes for maintaining accordance with...

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

  • privacy compliance

    Privacy compliance is a company's accordance with established personal information protection guidelines, specifications or ...

SearchSecurity

SearchHealthIT

  • telemedicine (telehealth)

    Telemedicine is the remote delivery of healthcare services, such as health assessments or consultations, over the ...

  • Project Nightingale

    Project Nightingale is a controversial partnership between Google and Ascension, the second largest health system in the United ...

  • medical practice management (MPM) software

    Medical practice management (MPM) software is a collection of computerized services used by healthcare professionals and ...

SearchDisasterRecovery

  • crisis management plan (CMP)

    A crisis management plan (CMP) outlines how to respond to a critical situation that would negatively affect an organization's ...

  • disaster recovery (DR) test

    A disaster recovery test (DR test) is the examination of each step in a disaster recovery plan as outlined in an organization's ...

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

SearchStorage

  • kilobyte (KB or Kbyte)

    A kilobyte (KB or Kbyte) is a unit of measurement for computer memory or data storage used by mathematics and computer science ...

  • megabytes per second (MBps)

    Megabytes per second (MBps) is a unit of measurement for data transfer speed to and from a computer storage device.

  • zettabyte

    A zettabyte is a unit of measurement used by technology professionals and the general public to describe a computer or other ...

Close