Definition of the word funny money

The origin of the phrase "funny money" can be traced back to the early 20th century when counterfeit currency became a significant problem in many parts of the world. In the United States, for instance, counterfeiters would produce reproductions of real banknotes, making them challenging to distinguish from genuine bills. As a result, people started using the term "funny money" to describe these fake banknotes. The phrase is believed to have originated from the idea that these counterfeit bills were "funny," meaning they were not genuine, and their legitimacy was questionable. In essence, "funny money" refers to any form of currency that is not recognized by the relevant authorities or considered legitimate. This could include counterfeit notes, casino chips, or discounted or otherwise devalued currencies. The term has since expanded to include any financial instruments or securities that are not accepted as standard or considered credible, such as unregulated digital currencies or derivatives with low liquidity. In summary, "funny money" is a descriptor for currency that is either false or regarded as questionable due to its legitimacy, authenticity, perception, value, or credibility.