Public Money
/ˈpʌblɪk ˈmʌni/
Definitions
- (n.) Funds or assets held by a government or public authority, typically derived from taxation or other state revenues, used for public expenditure.
The government allocated public money to improve infrastructure.
- (n.) Money held in trust by a public official or institution, subject to legal regulation and accountability.
The mismanagement of public money can lead to criminal charges.
Forms
- public money
Related terms
See also
Commentary
Public money is strictly regulated due to its source and purpose; precise drafting should clarify whether reference is to funds collected, held, or disbursed by public entities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.