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:
“People will no more advance their civility to a bear, than their money to a bankrupt.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“You are much surer that you are doing good when you pay money to those who work, as the recompense of their labour, than when you give money merely in charity.”
—Samuel Johnson (1709–1784)
“When the history of guilt is written, parents who refuse their children money will be right up there in the Top Ten.”
—Erma Brombeck (20th century)