MONEY

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.

The above text is a snippet from Wikipedia: Money
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money

Noun

  1. A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.
  2. A generally accepted means of exchange and measure of value.
  3. A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
  4. Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally.
  5. The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits.
  6. Wealth.
  7. An item of value between two parties used for the exchange of goods or services.
  8. A person who funds an operation.
  9. Of or pertaining to money; monetary.


The above text is a snippet from Wiktionary: money
and as such is available under the Creative Commons Attribution/Share-Alike License.

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