inherited wealth, especially wealth that confers status and social acceptance.
a family or forebears possessing such wealth.
Inherited wealth, as distinct from that of the nouveaux riches: Bush attended two fund-raisers in Highland Park, the center of what passes in Dallas for old money, rooted in real estate, cotton, and oil in the early years (1963+)
[oh-lib-uh-nuh m] /oʊˈlɪb ə nəm/ noun 1. . /ɒˈlɪbənəm/ noun 1. another name for frankincense
[oh-li-koo k, ol-i-] /ˈoʊ lɪˌkʊk, ˈɒl ɪ-/ noun, Hudson Valley. 1. (def 1).
/ˈɒlɪd/ adjective 1. foul-smelling
1. variant of before a vowel: oligarchy.