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:
“I hate him for he is a Christian;
But more, for that in low simplicity
He lends out money gratis, and brings down
The rate of usance here with us in Venice.”
—William Shakespeare (1564–1616)
“When it comes to money nobody should give up anything.”
—Anthony Trollope (1815–1882)
“When money disappears, we soon understand the power of absence.”
—Mason Cooley (b. 1927)