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:
“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)
“The stabbing horror of life is not contained in calamities and disasters, because these things wake one up and one gets very familiar and intimate with them and finally they become tame again.... No, it is more like being in a hotel room in Hoboken let us say, and just enough money in one’s pocket for another meal.”
—Henry Miller (1891–1980)
“Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man’s surety. If your friend is in distress, aid him if you have the means to spare. If he fails to be able to return it, it is only so much lost.”
—Andrew Jackson (1767–1845)