The term "$5" refers to a denomination of currency in the United States, representing five dollars. It is commonly used in everyday transactions, such as purchasing food, clothing, or services. The bill features notable figures, including Abraham Lincoln, the 16th President of the United States, on the front. In addition to cash, $5 can also be represented in digital transactions, such as mobile payments or online purchases. This amount is often associated with small expenses, like a cup of coffee or a fast-food meal, making it a familiar figure in daily budgeting and spending.