Understanding the Difference Between Moneys and Monies

Understanding the Difference Between Moneys and Monies

Difference Between “Moneys” and “Monies”

The words “moneys” and “monies” sound almost the same but have slightly different uses. Let’s learn about their history, how to use them, and a trick to remember the difference.

History

The word “money” is used to talk about coins, bills, or anything people use to buy things. “Moneys” and “monies” are both ways to show the plural form of “money.” They have been used since old times, but “monies” is more common in modern English.

How to Use “Moneys”

“Moneys” is used to talk about different types or sources of money. It is less common than “monies.”

• The bank had to handle different moneys from many countries.
• The charity received moneys for several projects.
• They divided the moneys between the teams.
• The report listed the moneys from local and international sources.
• The lawyer discussed the various moneys involved in the case.

How to Use “Monies”

“Monies” is also used to talk about different types or amounts of money. It’s more common in legal and formal writing.

• The company was responsible for all the monies collected.
• Monies were allocated to improve the school.
• The monies were returned to the rightful owner.
• The budget includes monies for community projects.
• All additional monies will be saved for future use.

Trick to Remember the Difference

Think of “monies” as being more modern and formal. “Moneys” is less common and may seem a bit old-fashioned. When in doubt, use “monies.”

Summary

Both “moneys” and “monies” mean different amounts or types of money. “Monies” is more often used in today’s writing, especially in formal or legal contexts. If you are writing something formal, go with “monies.” Either word you choose, remember they refer to money from different sources.