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:

    There is some ill a-brewing towards my rest,
    For I did dream of money bags tonight.
    William Shakespeare (1564–1616)

    With money and wine, you will have many friends, but when you are in trouble, will you see even one?
    Chinese proverb.

    Want of money and the distress of a thief can never be alleged as the cause of his thieving, for many honest people endure greater hardships with fortitude. We must therefore seek the cause elsewhere than in want of money, for that is the miser’s passion, not the thief’s.
    William Blake (1757–1827)