money

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Money

Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.

Money

A commodity, asset, or (most commonly) currency that may be exchanged for goods and services. Usually, the domestic government issues its own money and provides penalties to persons and businesses in its jurisdiction that do not accept it. Money and the money supply are integral to determining interest rates, inflation, and especially economic growth. There is no uniform agreement as to what qualifies as money; some economists include more mediums of exchange than other economists. Every society throughout history has used some sort of money, even bartering economies traded for something perceived to be equivalent. See also: Money supply, Liquidity.

money

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity. There is some disagreement among economists as to what types of things actually should be classified as money; for example, should balances in money market funds be included. See also money supply.

money

an asset which is generally acceptable as a means of payment in the sale and purchase of products and other assets and for concluding borrowing and lending transactions. The use of money enables products and assets to be priced in terms of the monetary units of the country (pence and pounds in the UK, for example), and to be exchanged using money as a common medium of exchange rather than the bartering of one product against another. Money also acts as a store of value (money can be held over a period of time and used to finance future payments) and as a unit of account (money is used to measure and record the value of products and assets, as for example in compiling the country's NATIONAL INCOME accounts). See MONEY SUPPLY, MONETARY POLICY.

money

an ASSET that is generally acceptable as a medium of exchange. Individual goods and services, and other physical assests, are ‘priced’ in terms of money and are exchanged using money as a common denominator rather than one GOOD, etc., being exchanged for another (as in BARTER). The use of money as a means of payment enables an economy to produce more output because it facilitates SPECIALIZATION in production and reduces the time spent by sellers and buyers in arranging exchanges. Other important functions of money are its use as a store of value or purchasing power (money can be held over a period of time and used to finance future payments), a standard of deferred payment (money is used as an agreed measure of future receipts and payments in contracts) and as a unit of account (money is used to measure and record the value of goods or services, e.g. GROSS NATIONAL PRODUCT, over time). See LEGAL TENDER.
References in periodicals archive ?
Such investors need not be PELF investors and may not seek much control.
Top of my list Virat Kolhi destroyed by pelf and a certain arrogance that is now just a dented fender.
India has never been a demonstratively acquisitive culture, but with the access to wealth being liberalised and with corruption becoming a retail phenomenon, we'll see more people like Kanda treading the fine line between power, pelf and prison.
The facts, however, speak otherwise with the Indian bureaucratic system has degenerated into a mix of pelf, political patronage, spoils, seniority and at times even merit.
May her citizens resolve to no more allow ourselves to be seduced by imperialist insiders, who care not for the destiny of our fair Republic but only for power and pelf.
If you are trying to gauge the country's mood anytime, you will do well to begin with cricket - the game connected so closely to other big games of power and pelf.
The fear then is that while the IPL might have crippled and financially finished off Kapil DevAEs ICL by sheer firepower once the cracks start appearing in the wall there could be an acronym waiting in the wings to foul up the power and pelf blinded C Lalit Modi?
But when the upper middle class or the corporate leaders - there was a meeting of top industrialists at Ahmedabad to back Modi - threw to the winds the basic values of pluralism on which India's democratic structure stands, they preferred pelf to principle.
Ross (on behalf of the participants of the PanLITHOPROBE IV meeting working group: Kevin Ansdell, Zoli Hajnal, Dick Wardle, Jeremy Hall, David Eaton, Ray Price, Carolyn Pelf, Bill Davis, David Snyder, Ken Ashton, John Ketchum, Nick Culshaw)
Jesus knows, with absolute certainty, that God is mocked by a human proclivity for pelf and indifference to the welfare of those on society's margins.
Not the spoil of the conquered but their enrichment, enfranchizing them vnto true Libertie by reducing them to the subiection of the right Faith & putting them in possession of Heavenly Treasures in exchange of a little worldly pelf, wch it may be they come by this meanes to be depriued of" (157).
National Audubon declared the project a fine one, and has been leading nature tours around the site, showing how pelf and preservation can exist as the most fructifying of syzygies.