Money
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can be considered money.
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Famous quotes containing the word money:
“Sir, he throws away his money without thought and without merit. I do not call a tree generous that sheds its fruit at every breeze.”
—Samuel Johnson (1709–1784)
“I didn’t mince my words, I said to her myself,
HURRY UP PLEASE ITS TI—E
Now Albert’s coming back, make yourself a bit smart.
He’ll want to know what you done with that money he gave you
To get yourself some teeth.”
—T.S. (Thomas Stearns)
“Children need money. As they grow older they need more money. They need money for essentially the same reasons that adults need money. They need to buy stuff....They need it regardless of whether they get good grades, violate a family rule, or offend a parent.”
—Donald C. Medeiros (20th century)