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:

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

    It’s complicated, being an American,
    Having the money and the bad conscience, both at the same time.
    Perhaps, after all, this is not the right subject for a poem.
    Louis Simpson (b. 1923)

    There are hardly half a dozen writers in England today who have not sold out to the enemy. Even when their good work has been a success, Mammon grips them and whispers: “More money for more work.”
    Aleister Crowley (1875–1947)