Outside money is a term that refers to money that is not a liability for anyone `inside` the economy. It is held in an economy in net positive amounts. Examples are gold or assets denominated in foreign currency or otherwise backed up by foreign debt, like foreign cash, stocks or bonds. Typically, the private economy is considered as the `insid......
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http://en.wikipedia.org/wiki/Outside_money
monetary base. Is held in net positive amounts in an economy. Is not a liability of anyone's. E.g., gold or cash. Contrast inside money. Contexts: money; models
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http://www.econterms.com/glossary.cgi?query=outside+money
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