new money noun3 •Persons or families that have recently become wealthy.They call me new money, say I have no class, I'm from the bottom, I came up too fast. — 2004 •(humorous) The metric system of measurement, as opposed to the imperial system.This recipe says add eight ounces of flour; what's that in new money? •(UK) The decimal monetary system used in the United Kingdom since 1971.