velocity[və läs′ə tē]
- Velocity is the rate of motion, speed or action.
An example of velocity is a car driving at 75 miles per hour.
A train moves at a high velocity.
- quickness or rapidity of motion or action; swiftness; speed
- rate of change of position, in relation to time; speed (sense )
- a vector quantity that specifies both the speed of a body and its direction of motion: abbrev. v
Origin of velocityFrench vélocité ; from Classical Latin velocitas ; from velox: see velocipede
- Rapidity or speed of motion; swiftness.
- Physics A vector quantity whose magnitude is a body's speed and whose direction is the body's direction of motion.
- a. The rate of speed of action or occurrence.b. The rate at which money changes hands in an economy.
Origin of velocityMiddle English velocite, from Old French, from Latin vēlōcitās, from vēlōx, vēlōc-, fast; see weg- in Indo-European roots.
(countable and uncountable, plural velocities)
From Latin vēlōcitās (“speed”), from vēlōx (“fast”).
velocity - Investment & Finance Definition
The rate at which a given dollar changes hands during a certain period of time. The faster money turns over, the higher the velocity. A higher velocity is associated with a higher dollar volume of transactions and could lead to inflation. Velocity is calculated by dividing gross domestic product by money supply. Economists who subscribe to monetarism believe that the changes in velocity are fairly predictable, and they study the causes of money growth and changes in velocity to estimate future economic growth.