Old Money
Old money refers to families who have been wealthy for at least three generations, as a term distinguishing them from the
nouveau riche and
parvenus (see template).Old money refers in the
United Kingdom to the pre-decimal currency of
pounds,
shillings (or 'bob') and
pence. It had abbreviation £sd. It also had
guineas,
crowns, sovereigns,
(rare) gold sovereigns,
halfpennies, and
farthings. There were 240 pennies in one old pound, and 12 pennies in a shilling. See also:
British coinage.Old Money can refer, informally, to any British
imperial measurement (and sometimes to
Fahrenheit temperatures).
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old money
Noun
1. the inherited wealth of established upper-class families; "he was born with a silver spoon in his mouth"; "she is the daughter of old money from Massachusetts"
(synonym) silver spoon
(hypernym) inherited wealth
old money
an inheritance, money that has been in the family for decades She bought that property with old money - money that her great-grandfather saved.