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:
“When a fellow says, it hain’t the money but the principle o’ the thing, it’s th’ money.”
—Kin Hubbard (F. [Frank] Mckinney Hubbard)
“It will be a great day when our schools get all the money they need and the Air Force has to hold a bake sale to buy a bomber.”
—Advertisement. Poster in a school near Irving Place, New York City (1983)
“I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
—Thomas Jefferson (1743–1826)