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)

    “Without money honor is merely a disease.”
    —Jean Racine (1639–1699)

    “... money trials are not the hardest, and somehow or other, they are always overcome.”
    —Amelia E. Barr (1831–1919)