Broken money refers to coins or currency that are damaged, mutilated, or incapable of being used for their intended purpose. There are several synonyms for broken money, including damaged currency, defective currency, mutilated coins, and shattered money. These terms are used to describe currency that has been torn, bent, corroded, or otherwise impaired, making them unsuitable for commercial use. Some countries have specific regulations regarding the handling of broken money, including laws that require banks and other financial institutions to exchange damaged currency for new notes or coins. Despite their damaged state, broken money still retains some value, and can often be exchanged for full value through certain channels.