And finally, money acts as a store of value, it is used to accumulate savings which can be quickly and easily converted into any type of good or service. The law, too, does not hail a single and uniform definition of ‘money’.
To just give an example, found in EU law: both the Payment Services Directive and the Payment Accounts Directive explicitly define ‘funds’ as banknotes and coins, scriptural money, and electronic money in the sense of the electronic  1 2  In this contribution the notion of ‘Eurosystem’ is also used to refer to the ‘European System of Central Banks’. CH.