Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar.
A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), subject to any terms and conditions specified within the document. (Full article...)
The apsar (Abkhaz: аԥсар, āpsār) is a currency of Abkhazia. So far, coins in denominations of 1, 2, 3, 5, 10, 20, 25, 50, and 100 apsars and banknotes in denominations of 10, 25, 100, and 500 apsars have been issued. While the coins and banknotes are legal tender in the Republic of Abkhazia, their usage is very limited, and they are mostly made for collectors. In Abkhazia, the Russian ruble is used in practice. The first apsar coins were introduced in 2008.
... that in the span of three days, a Florida man was approved by bankruptcy courts to buy TV stations in Roanoke and Lynchburg, Virginia, and then arrested on charges of laundering millions in drug money?
... that the first women's dormitory built at Hampton University was partially paid for with money collected by the school's choir in tours led by Thomas P. Fenner?
... that Frankie Saluto was a member of the Ringling Giants, a dwarf baseball team that raised money for charity?
... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that Colin Stubs spent the prize money from his first international tennis title on an old Volkswagen to travel around Europe?
... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
Image 4Silver, ½ Karshapana coin, “Babyal Hoard” type, of the Kuru Janapada (450 BC - 315 BC) (from Punch-marked coins)
Image 5A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 6A 640 BC one-third staterelectrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)
Image 7Paper money from different countries (from Money)
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