Entity: FINANCE-
Finance refers to the management of money, including activities such as investing, borrowing, budgeting, and forecasting. It encompasses the handling of financial resources by individuals, businesses, and governments.
FINANCE-
Etymology
The term 'finance' originates from the Middle English word 'financen,' which means to pay a ransom or tax.
Definition
Finance involves the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.
Historical Context
The concept of finance has evolved over centuries, playing a crucial role in the development of economies and societies worldwide.
Cultural Significance
Finance influences various aspects of society, from personal wealth management to global economic policies.
Related Concepts
Finance is closely related to economics, accounting, investment, and banking.
See Also
- [Investment](link to investment wiki entry)
- [Accounting](link to accounting wiki entry)
The management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.