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:
“Seeing is believing, and if an American success is to count for anything in the world it must be clothed in the raiment of property. As often as not it isn’t the money itself that means anything; it is the use of money as the currency of the soul.”
—Lewis H. Lapham (b. 1935)
“Children need money. As they grow older they need more money. They need money for essentially the same reasons that adults need money. They need to buy stuff....They need it regardless of whether they get good grades, violate a family rule, or offend a parent.”
—Donald C. Medeiros (20th century)
“Fine knacks for ladies, cheap, choice, brave and new,
Good pennyworths,—but money cannot move:
I keep a fair but for the Fair to view,—
A beggar may be liberal of love.
Though all my wares be trash, the heart is true,”
—Unknown. Fine Knacks for Ladies (l. 7–8)