THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

Scrip: Private currency usually initially issued in the form of a
paper IOU (I Owe You) by a corporation or an individual. For
instance, frequent-flyer miles are evolving as corporate scrip issued
by airlines.
Stock: A fraction of ownership in a business. Stock markets are the
regulated exchanges for stocks of companies listed in a particular
exchange.
Structural Adjustment: A set of economic policies imposed by the
IMF in exchange for new loans. Its main purpose is to improve the
capacity of a country to pay for the interest and reimbursement of its
external debt.
Sufficient: The polarity of scarcity. See scarce.
Time Dollar: A mutual credit system with as unit of account the
hour of service, created by Edgar Cahn in the early 1990s. The US tax
authority has given transactions in Time Dollars a tax-free status.
Value: Exchange value means the amount of currency that a
particular good or service can obtain in the market. Use Value is the
qualitative concept of the satisfaction or 'utility' that a user can derive
from the product. Classical economists (including in this case
Marxists) also defined a Work Value as the accumulation of human
labour incorporated in a product.
Valued Currency: A currency is said to be valued by a commodity
if its value is tied directly to the value of that commodity. For
instance, under the gold bullion standard, the value of each currency
was expressed in terms of the value of a fixed quantity of gold. There
are only three ways of designing a currency system: 'fiat' (i.e. without
reference to anything else);'valued' by a commodity when its