The Quick And Dirty “Money” has two acceptable plurals. Most style guides recommend “moneys,” but many publications use “monies” instead.
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Michael S. asked:”It's accepted to say, 'to hold moneys for payment in trust.' I presume 'moneys' is plural; I've also seen it spelled 'monies.' Does this mean, then, that the singular would be 'a money'?”Ha! Well, it’s an interesting question, Michael. The singular word “money” is always a mass noun, like “water” or “furniture.”
I need some money.I need some water.I need some furniture.You’d never say “a money.” But the word does have two acceptable plurals: “moneys” and “monies.”The “-ies” spelling always looks like it should be pronounced “monies” to me because it looks like “ponies” with an M, and then I think of Billy Idol, but that’s just my problem. It doesn’t affect what’s right or wrong.Garner’s Modern English Usageand theAP Stylebookboth say “moneys”is the better spelling, but it’s not nearly as clear when you go look at what publications are actually using.
'Monies' Is Now the More Common Spelling
The most popular spelling of “monies/moneys” has varied dramatically over the last 200 years.In the early 1800s, the “-ies” spelling was most common, but the “-eys” spelling took over strongly until the mid-1970s.But since then,“monies”has become more popular in both books that Google has scanned and in the“New York Times.” The magazine“The Economist”also appears to favor the“monies”spelling.The frequency of monies and moneys in Google Books over time.
Dictionaries and Style Guide Don’t Match Actual Usage
It seems as if dictionaries and style guides are lagging actual usage, and I’m not the only person to notice.The Cambridge Guide to English Usagealso notes that “‘Moneys’ is given preference over‘monies’in all dictionaries . . .Yet general usage in the UK and US is clearly in favor of‘monies.’”
Why Do We Need a Plural for 'Money'?
The bigger question is since“money”is already a mass noun, why do we need“monies”no matter how we spell it? BothGarnerandThe Cambridge Guide to English Usageexplain that“monies”is usually used by legal or finance writers to talk about “individual sums” or “discrete sums” of money.
'Monies': I Don’t Like It, but It’s Not Going Away
If you’ve listened to this podcast before, you know that most things don’t bother me, but I have to confess “monies”annoys mea bit.To me, it seems like “money” would work in every case where I see the word “monies.” For example, one of the examples inMerriam-Websterreads, “Most of the project is being paid for by federal monies.” To my ear, it would work just as well and mean the same thing to say, “The project is being paid for with federal money,” but finance people tell me it actually does have a slightly different meaning. For example, they use “monies” to describe funds that are coming from multiple sources, so by saying “federal monies” you’re showing that it’s coming from more than one pot of federal money. It’s standard in legal and financial writing to use “monies” to describe “discrete sums of money.”So “monies” is here to stay whether you or I like it or not, and maybe it helps to know that it’s actually quite old: The first example of“moneys”in theOxford English Dictionaryis from 1384 in the Wycliffe Bible.
There’s No Such Thing as “A Money”
To answer Michael’s questions:1) You can spell the plural either way. If you’re following a general style guide, they still usually recommend the “moneys” spelling, but if you’re a finance or legal writer or if you work for someone with a house style guide, you may want to use the “monies” spelling. Check and see what the convention is for your audience or publication.2) Even though“monies”is the plural, I can’t imagine a sentence in which you’d ever need to talk about “a money,” but if you can prove me wrong, let me know on Twitter or Facebook.
“money,” Merriam-Webster Dictionary, online edition. http://www.merriam-webster.com/dictionary/monies?show=0&t=1408125909 (accessed August 15, 2014).”money, n.” OED Online. June 2014. Oxford University Press. http://0-www.oed.com.innopac.library.unr.edu/view/Entry/121171?rskey=2aHfpB&result=2&isAdvanced=false (subscription required, accessed August 15, 2014).“When should ‘moneys’ be used, rather than ‘money’?” AP Stylebook website, Ask the Editor section. April 9, 2008. http://www.apstylebook.com/online/?do=ask_editor&id=5489 (accessed August 15, 2014).Garner, B. “moneys; monies.” Garner’s Modern American Usage, third edition. Oxford University Press. p. 546.Peters, P. “money, moneys or monies, and moneyed or monied,” The Cambridge Guide to English Usage. 2004. Cambridge University Press. p. 356.Money image courtesy of Shutterstock.
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Mignon Fogarty is the founder of Quick and Dirty Tips and the author of seven books on language, including the New York Times bestseller “Grammar Girl's Quick and Dirty Tips for Better Writing.” She is an inductee in the Podcasting Hall of Fame, and the show is a five-time winner of Best Education Podcast in the Podcast Awards. She has appeared as a guest expert on the Oprah Winfrey Show and the Today Show. Her popularLinkedIn Learning courses help people write better to communicate better.