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:

    Seeing is believing, and if an American success is to count for anything in the world it must be clothed in the raiment of property. As often as not it isn’t the money itself that means anything; it is the use of money as the currency of the soul.
    Lewis H. Lapham (b. 1935)

    I know the ice in your drink is senile.
    I know your smile will develop a boil.
    You know only that you are on top,
    swinging like children on the money swing....
    Anne Sexton (1928–1974)

    If all the rich men in the world divided up their money amongst themselves, there wouldn’t be enough to go round.
    Christina Stead (1902–1983)