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:

    I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again. When you go to confession and entrust your sins to the safe-keeping of the priest, do you ever come back for them?
    Jean Baudrillard (b. 1929)

    “If you wish to be perfect, go, sell your possessions, and give the money to the poor, and you will have treasure in heaven; then come, follow me.” When the young man heard this word, he went away grieving, for he had many possessions.
    Bible: New Testament, Matthew 19:21,22.

    Jesus to a rich young man.

    It’s not enough to be great, Charley. I tried to tell you in Philly. I tried to tell you in L.A. We’re infested with rats! [to Peg, Charley’s fiancee] He’s not just a kid who can fight, he’s money! And people want money so bad they make it stink!
    Abraham Polonsky (b. 1910)