tight-money policy

tight-money policy in Culture

tight-money policy definition

A policy in which a central monetary authority, for example, the Federal Reserve System, seeks to restrict credit and raise interest rates. (Compare easy-money policy.)

Note: A tight-money policy might be pursued to limit inflation.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Discover our greatest slideshows

Browse more topics on our blog

What Is the Difference Between Discreet and Discrete?
Learn the correct uses of these two commonly confused homophones.
What Character Was Removed from the Alphabet?
What mistaken pronunciation gave this character its name?
Apostrophes 101
This small mark has two primary uses: to signify possession or omitted letters.
How Do I Get a Word into the Dictionary?
People invent new words all the time, but which ones actually make it?

tight-money policy

tight-money policy definition

Discover our greatest slideshows

I Now Pronounce You: 10 Unusual...

Never Use These Phrases At Work

Tennis Is A Love Sport

Behold, Spider-Man’s Terrifying...

Browse more topics on our blog

Word of the Day

Word Value for tight

Nearby words for tight-money policy