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:
“As to your kind wishes for myself, allow me to say I can not enter the ring on the money basis—first, because, in the main, it is wrong; and secondly, I have not, and can not get, the money. I say, in the main, the use of money is wrong; but for certain objects, in a political contest, the use of some, is both right, and indispensable.”
—Abraham Lincoln (1809–1865)
“Listen to me, imbecile. If the Treasury is important, then human life is not. This is clear. All those who think like you ought to admit this reasoning and count their lives for nothing because they hold money for everything.”
—Albert Camus (1913–1960)
“To get it right, be born with luck or else make it. Never give up. Get the knack of getting people to help you and also pitch in yourself. A little money helps, but what really gets it right is to never—I repeat—never under any conditions face the facts.”
—Ruth Gordon (1896–1985)