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.
Read more about Money.
Some articles on money:
... to her home before some stranger has cast money into her lap, and had intercourse with her outside the temple but while he casts the money, he must say, “I invite you in the name of Mylitta” (that is the ... It does not matter what sum the money is the woman will never refuse, for that would be a sin, the money being by this act made sacred ...
... that between $600 billion and $1.5 trillion of illicit money is laundered annually, equal to 2% to 5% of global economic output ... Today, offshore is where most of the world's drug money is allegedly laundered, estimated at up to $500 billion a year, more than the total income of the world's poorest 20% ... "These offshore centers awash in money are the hub of a colossal, underground network of crime, fraud, and corruption" commented Lucy Komisar quoting these statistics ...
... When gold and silver are used as money, the money supply can grow only if the supply of these metals is increased by mining ... situation for over a century when gold and paper money backed by gold were used as money in the 18th and 19th centuries ... Modern day monetary systems are based on fiat money and are no longer tied to the value of gold ...
... Credit theories of money, also called Debt theories of money are concerned with the relationship between credit and money ... Proponents assert the essential nature of money is credit (debt), at least in eras where money is not backed by a commodity such as gold ... Two common strands of thought within these theories are the idea that money originated as a unit of account for debt, and the position that money creation involves the simultaneous creation of ...
... and receives 100 ducats, but is unable to spend all the money in one day ... Because of that he gives the remaining money to a beggar, who tells him that it's not money that brings luck ... A drunkard and bon-vivant, he has no trouble spending all the money on drinking with his friends ...
More definitions of "money":
- (noun): The official currency issued by a government or national bank.
Example: "He changed his money into francs"
- (noun): The most common medium of exchange; functions as legal tender.
Example: "We tried to collect the money he owed us"
Famous quotes containing the word money:
“Superfluous wealth can buy superfluities only. Money is not required to buy one necessary of the soul.”
—Henry David Thoreau (18171862)
“The perfect pleasure: money is neither fattening nor immoral nor illegal.”
—Mason Cooley (b. 1927)
“I am unbalanced but I am not mad with snow.
I am mad the way young girls are mad,
with an offering, an offering . . .
I burn the way money burns.”
—Anne Sexton (19281974)