store of value

(redirected from Stores of Wealth)
Also found in: Financial.
Related to Stores of Wealth: Store of value, Unit of account

store of value

n
(Banking & Finance) economics the function of money that enables goods and services to be paid for a considerable time after they have been acquired
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in classic literature ?
A few of us were killed, but what was that compared with the stores of wealth of a thousand thousand kinds that we found on the ships?
A depository of irreplaceable cultural heritage, the tombs of Makli and the artefacts of Moenjodaro are stores of wealth filled with unique craftsmanship, artistic prowess and coexistence of diverse communities since the beginning of time.
wealth concentration seems to have returned to levels last seen during the Roaring Twenties." That shift is eroding security from families in the lower and middle classes, who rely on their small stores of wealth to finance their retirement and to smooth over economic shocks like the loss of a job.
Maybe, but not a very reliable one: it lacks fundamental protections for investors.With most contemporary assets that serve as stores of wealth, governments (like them or not) are needed to protect you and maintain order.
"Diamonds are portable, globally traded, unregulated, easily stored, highly concentrated stores of wealth. Investment grade diamonds are hundreds of times more valuable than gold by weight.
Demand for gold is supported by rising incomes in China and other Asian countries, where farmers buy the metal for dowries and there are fewer safe stores of wealth.
Just five months ago, Larry Fink, the chairman and CEO of BlackRock, the world's largest asset manager, told an audience in Singapore that contemporary art has become one of the two most important stores of wealth internationally, along with apartments located in major cities such as New York, London and Vancouver.
As Laurence Fink, chairman of the world's biggest asset management firm, BlackRock Inc., stated at a Credit Suisse Megatrends conference in April, the "two greatest stores of wealth internationally" are "contemporary art" and expensive "apartments" and homes in New York, London and Vancouver, Canada.
Iranians are pulling out of assets that had become the conventional stores of wealth in the Islamist Republic -- gold, dollars and real estate -- to free up cash to invest in the stock market, according to Tehran-based investment boutique Turquoise Partners.