moneyness

Noun

 * 1)  The degree to which a derivative security is in the money, because of the relationship of the price of the underlying security to a conversion price or exercise price.
 * As an option's expiration date approaches only its moneyness has value.
 * 1)  The degree to which an asset approximates cash in its ready liquidity and the low transactions costs in realizing that liquidity.
 * In good times everything seems to have moneyness; in bad times, some money doesn't have much moneyness.