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Mammon. Mammon / ˈmæmən / in the New Testament is commonly thought to mean money, material wealth, or any entity that promises wealth, and is associated with the greedy pursuit of gain. The Gospel of Matthew and the Gospel of Luke both quote Jesus using the word in a phrase often rendered in English as "You cannot serve both God and mammon."
Miser. A detail from L'Avaro, a print by Antonio Piccinni (1878) A miser / ˈmaɪzər / is a person who is reluctant to spend money, sometimes to the point of forgoing even basic comforts and some necessities, in order to hoard money or other possessions. [1]
Why you need a savings account. A savings account is a good place to keep money for a later date, separate from everyday spending cash, because it offers safety, liquidity and interest-earning ...
e. In economics, a medium of exchange is any item that is widely acceptable in exchange for goods and services. [1] In modern economies, the most commonly used medium of exchange is currency. Most forms of money are categorised as mediums of exchange, including commodity money, representative money, cryptocurrency, and most commonly fiat money.
Embezzlement (from Anglo-Norman, from Old French besillier ("to torment, etc."), of unknown origin) is a term commonly used for a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most commonly over a period ...
Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. [1] [2]
Perks that save time and money. You may miss the days of free toasters for opening an account, but some online banks offer useful perks — like access to direct deposits up to two days early or ...
Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt. Money acts as a standard measure and a common denomination of trade. It is thus a basis for quoting and bargaining of prices.