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:
“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)
“This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet. He should have gone up garret at once.”
—Henry David Thoreau (1817–1862)
“It will be a great day when our schools get all the money they need and the Air Force has to hold a bake sale to buy a bomber.”
—Advertisement. Poster in a school near Irving Place, New York City (1983)