FINANCE

Finance

Finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.

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finance

Noun

  1. The management of money and other assets.
  2. The science of management of money and other assets.
  3. Monetary resources, especially those of a public entity or a company.

Verb

  1. To provide or obtain funding for a transaction or undertaking; to back; to support.
    His parents financed his college education.
    He financed his home purchase through a local credit union.


The above text is a snippet from Wiktionary: finance
and as such is available under the Creative Commons Attribution/Share-Alike License.

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