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:
“Sir, he throws away his money without thought and without merit. I do not call a tree generous that sheds its fruit at every breeze.”
—Samuel Johnson (1709–1784)
“I swear ... to hold my teacher in this art equal to my own parents; to make him partner in my livelihood; when he is in need of money to share mine with him; to consider his family as my own brothers and to teach them this art, if they want to learn it, without fee or indenture.”
—Hippocrates (c. 460–c. 370 B.C.)
“Love is cheap. You can buy it anywhere. Lives are cheap. It’s money that’s dear. You have to work days and sit up nights thinking how to make money.”
—John Dos Passos (1896–1970)