Definition: In elementary school economics, any toy or possession that served as undeniable proof of parental affluence. Not actual money, but the Tamagotchis, Power Wheels, or American Girl Dolls that functioned as social collateral, instantly elevating your playground status.
These items were the childhood equivalent of driving a luxury car to recess. Possessing such “currency” meant exclusive playdate invitations and the hushed, reverent awe of classmates suddenly very keen to be your best friend.
Example:
Owning the newest American Girl doll was instant social collateral, making Sarah the most sought-after playdate partner in third grade.
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His rare holographic Charizard card served as undeniable proof of wealth, granting him immediate playground status and a circle of new admirers.