Money

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:

    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)

    There are a thousand hacking at the branches of evil to one who is striking at the root, and it may be that he who bestows the largest amount of time and money on the needy is doing the most by his mode of life to produce that misery which he strives in vain to relieve.
    Henry David Thoreau (1817–1862)

    Of course, money will do after its kind, and will steadily work to unspiritualize and unchurch the people to whom it was bequeathed.
    Ralph Waldo Emerson (1803–1882)