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:

    With money you’re a dragon; without it you’re a worm.
    Chinese proverb.

    Clearly money has something to do with life....
    Philip Larkin (1922–1986)

    Put not your trust in money, but put your money in trust.
    Oliver Wendell Holmes, Sr. (1809–1894)