Money Quotes

Money refers to 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. It commonly describes a generally accepted means of exchange and measure of value, a currency maintained by a state or other entity which can guarantee its value (such as a monetary union), and hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally, which gives the term a broader and more practical sense than a single short definition would suggest. Depending on context, it can also point to the total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits, wealth; a person, family or class that possesses wealth, and an item of value between two or more parties used for the exchange of goods or services, so the category can cover literal uses, related ideas, and more figurative extensions of the same core meaning. Taken together, these meanings present Money as a flexible theme rather than a narrowly technical label, covering the central idea people usually mean when they use the word while still leaving room for closely related senses that appear in real language.

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