Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. It is NOT any sort of incomplete transaction UNLESS the medium of exchange has very little or no REAL value. That is to say that so long as the money is actually MADE before it is exchanged, any transaction made with it is complete unless otherwise agreed to by all the parties involved. The reason this is so is because real money (i.e. as apposed to fiat currency) represents work. It does NOT represent work to be done but work ALREADY completely. Real money must be earned and exchanged between parties by mutual consent for mutual gain. Anything else is theft in one form or another.
I agree, Clete.
My opinion: deposit expansion (with its governor the fractional reserve system) is equivalent to a combination of theft, counterfeiting, tax fraud and extortion.