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 ?
2035 (b) tax liability was too speculative to be determined, the Tax Court determined that such an assumption could be consideration in money or money's worth for purposes of determining the value of a gift.
Of all the factors that are thought to explain the lack of demand for individual annuities, money's worth is the most readily quantifiable and has been the subject of many empirical studies.
Taking a cue from one of the "performers" who joined ventriloquist Jeff Dunham on stage at Tuesday's night dinner, I think you have to be a dummy not to get more than your money's worth from TEI's conferences.
Regular contributor General Electric apparently got its money's worth when ACSH launched a spirited campaign denying the dangers posed by the company's dumping of a million pounds of PCBs into the Hudson River.
The idea is that the Feds (i.e., the taxpayers) want their money's worth; no ripoffs, please.
This is a top-flight CD both musically and sonically, and had I paid three times the Naxos price, I would still have felt as though I got my money's worth.
The TV ads ("NITRO-burning, CAR-crushing MADNESS," etc.) had made me look forward to heavy-metal anarchy: mud flying, cars flipping over, the first row of the audience smooshed by mammoth tires but still confident they'd gotten their money's worth.
Among his books: The Tragedy of Waste (1925); Your Money's Worth (in collaboration with F.
Watch out for the faux green resorts for your eco-friendly holiday to get your money's worth
The channel does seem keen to get its money's worth from him.
Anyone who follows their team these days knows, that in terms of loyalty, generosity, passion and desire to get behind their players, the fan who makes the long trip to an away game is worth 10 of those who plonk themselves in their season-ticket seat every fortnight, sit back and demand their money's worth.
The Steelbacks recorded one of their only two wins last term when they beat the Bears by six wickets at the County Ground.Captain Nicky Boje top-scored for them that day thanks to an innings of 74 and he will be integral to their hopes of recording a repeat success.It promises to be an exciting encounter and fans will doubtless get their money's worth.