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.
Read more about Money.
Famous quotes containing the word money:
“Just what is the civil law? What neither influence can affect, nor power break, nor money corrupt: were it to be suppressed or even merely ignored or inadequately observed, no one would feel safe about anything, whether his own possessions, the inheritance he expects from his father, or the bequests he makes to his children.”
—Marcus Tullius Cicero (106–43 B.C.)
“Put not your trust in money, but put your money in trust.”
—Oliver Wendell Holmes, Sr. (1809–1894)
“Money is the last enemy that shall never be subdued. While there is flesh there is money—or the want of money, but money is always on the brain so long as there is a brain in reasonable order.”
—Samuel Butler (1835–1902)