old money

Beginner 💰 Finance / Accounting

Definition

Generational wealth that's been around so long the family practically *is* the country club—old money carries the social clout of centuries while making everyone else feel like social climbers. It's less about the dollars and more about the historical pedigree.

Example Usage

The charity gala was packed with old money donors who'd been funding the institution since it was founded.

Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=old%20money&defid=2891902)

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