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:
“Given the choice, children who don’t want for anything will not save....We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it.”
—Barbara Coloroso (20th century)
“When money disappears, we soon understand the power of absence.”
—Mason Cooley (b. 1927)
“Money is the last enemy that shall never be subdued. While there is flesh there is money—or the want of money, but money is always on the brain so long as there is a brain in reasonable order.”
—Samuel Butler (1835–1902)