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:
“The stabbing horror of life is not contained in calamities and disasters, because these things wake one up and one gets very familiar and intimate with them and finally they become tame again.... No, it is more like being in a hotel room in Hoboken let us say, and just enough money in one’s pocket for another meal.”
—Henry Miller (1891–1980)
“The best time to start giving your children money is when they will no longer eat it. Basically, when they don’t put it in their mouths, they can start putting it in their bank.”
—Barbara Coloroso (20th century)
“Superfluous wealth can buy superfluities only. Money is not required to buy one necessary of the soul.”
—Henry David Thoreau (1817–1862)