on the money: Idiom Meaning and Origin

What does ‘on the money’ mean?

The idiom "on the money" means to be exactly correct or accurate.

Idiom Explorer

The Perfect Precision

The idiom "on the money" is a commonly used phrase in American English. It means that something is absolutely correct or accurate. This idiom is often used in various contexts, such as financial matters, sports, and general assessments of correctness.

The origin of the idiom "on the money" is thought to be derived from the world of gambling. In the early 20th century, the term "money" was often used to refer to chips or bets in gambling. Therefore, being "on the money" meant that a bet or prediction was precisely correct, resulting in winning or making money. Over time, the idiom has moved beyond gambling and has become a common expression in everyday language.

The idiom "on the money" has become popular in various fields, including business and finance. In the financial world, where accuracy and precision are highly valued, being "on the money" is important. For instance, a financial analyst who accurately predicts the performance of a stock or market movement might be described as being "on the money."

The accuracy of the financial data is essential.

Additionally, the idiom is frequently used in the realm of sports. When a player achieves a precise and accurate shot or throw, it can be described as "on the money." This usage acknowledges the player's exceptional skill and accuracy. Furthermore, in assessments of performance or predictions in various areas, if someone's prediction or assessment turns out to be exactly correct, it can be said to be "on the money."

The idiom "in the money" is closely related to "on the money." While "on the money" refers to something being correct or accurate, "in the money" has a different meaning. "In the money" generally refers to being in a financially advantageous position or having money available. It is often used to describe successful investments or winning bets. Although the two idioms have similar origins, they are used in different contexts.

Another related idiom is "on the mark." "On the mark" means that something is precisely or accurately done or said. It is often used to describe a well-executed action, such as hitting a target with accuracy or providing an accurate answer. Similarly, the idiom "dead on" has a similar meaning of being precisely correct or accurate. It emphasizes the accuracy and exactness of a statement, prediction, or action.

The idiom "on the money" has become firmly ingrained in American English, indicating precision, accuracy, and correctness. While its origins are related to gambling, it has extended its usage to various contexts beyond games of chance. The idiom is employed in finance, sports, and general assessments to emphasize the exactness and correctness of a statement, prediction, or performance. With its widespread usage and well-established meaning, "on the money" continues to be a frequent and recognizable phrase in contemporary American English.

Example usage

Examples of how the idiom "on the money" can be used in a sentence:

1. John's prediction about the final score of the game was right on the money.

2. The CFO's financial analysis was on the money, accurately predicting the company's profits for the quarter.

3. I was skeptical at first, but after trying the recommended restaurant, I have to admit that the reviews were on the money.

More "Accuracy" idioms