A money clip is a popular personal accessory used to hold money, credit cards and identification cards. However, some people might know it by other names. Some of the common synonyms for a money clip include, bill clip, money holder, cash clip, credit card holder, and wallet clip. Other terms people may use to describe a money clip include, money clasp, money clutch, bill holder, or cash holder. While the basic function remains the same, the names may differ slightly based on where you're from and personal preferences. Overall, no matter what you choose to call it, the money clip is a well-known and elegant way to hold your cash.