Anything in general circulation which by common agreement serves as a medium of exchange as payment for goods and services and for the settlement of debts, acts as a measure of value within and between communities, and passes without question or endorsement.

Quick Facts

Go Historic ID
12094

More Definitions

Anything in general circulation which by common agreement serves as a medium of exchange as payment for goods and services and for the settlement of debts, acts as a measure of value within and between communities, and passes without question or endorsement.

Page Info

Title
money
Date Published
December 12, 2012
Last Updated
April 22, 2021