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:
“Words are wise men’s counters, they do but reckon by them: but they are the money of fools.”
—Thomas Hobbes (1588–1679)
“When a fellow says, it hain’t the money but the principle o’ the thing, it’s th’ money.”
—Kin Hubbard (F. [Frank] Mckinney Hubbard)
“There is a gigantic difference between earning a great deal of money and being rich.”
—Marlene Dietrich (1904–1992)