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theory and practice of conducting large public and private dealings in money. Important institutions of private finance include those that deal with insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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, bankingbanking,
primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting deposits—subject to withdrawal or transfer by check—and of making loans.
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, stocks (see stockstock,
in finance, instrument certifying to shares in the ownership of a corporation. Bonds are similar evidences of shares in a loan to a corporation. Stock yields no dividends until claims of bondholders have been met.
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), bonds, and other securities. With the development of the national state, public finance—the management of the revenues, expenditures, and debts of the state—has been of great political, as well as economic, importance. The most important source of government revenue is taxes, but sale of public properties and franchises, as well as the sale of interest-bearing bonds, also contribute. Since the Korean War, a large part of governmental expenditures has gone for various military and defense needs. Other important areas of governmental expenditure are health, education, and welfare (the Social Security, Medicare, and Medicaid programs); interest on the national debt; and public works. Important institutions of international finance are the International Bank for Reconstruction and DevelopmentInternational Bank for Reconstruction and Development (IBRD)
(IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated development institutions (also including the International Center for Settlement of
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 and the International Monetary FundInternational Monetary Fund
(IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C.
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See D. Allen, Finance (1983); D. Swain, Managing Public Money (1987); L. Harris et al., ed., New Perspectives on the Financial System (1988); N. Gianaris, Contemporary Public Finance (1989).


See also Money.
the Paris stock exchange. [Fr. Commerce: Misc.]
Dow Jones
the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]
Lombard Street
London bankers’ row; named for 13th-century Italian moneylenders. [Br. Hist.: Plumb, 15]
Old Lady of Threadneedle Street
nickname for the Bank of England. [Br. Culture: Misc.]
goddess of commerce. [Gk. Myth.: Kravitz, 88]
Rockefeller, John
D(avison) (1839–1937) multimillionaire oil tycoon and financier, [Am. Hist.: EB, VIII: 623]
Throgmorton Street
location of Stock Exchange; by extension, financial world. [Br. Hist.: Brewer Dictionary, 1079]
Wall Street N.Y.C.
financial district. [Am. Hist.: Jameson, 530]


1. funds or the provision of funds
2. funds; financial condition
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E-Finance is the largest operator of electronic payment systems in Egypt and the Middle East.
Card Centre Manager Ahmed Torky said that through issuing smart cards for banks, E-Finance will provide huge investments, previously defrayed by banks in establishing card centres with the least level of production and lower quality.
According to Yaqoob, E-Finance contracted with 10 public and private universities so far in order to collect students' fees electronically, in cooperation with more than 31 banks, as well as E-Masary, and Bee companies.
com, we acquire a technically advanced commerce platform that will enhance our e-finance offerings while allowing us to establish new customers and partnerships by offering Lease2Save.
For a free copy of this and the rest of the E-Finance team's research please visit the company's site at: http://equity.
The flexibility of Business and Consumer e-Finance Suite supplies BB&T with common technology and offerings to support both small business and consumer online banking.
It will also evaluate the extent of need of the potential Zakat receivers, which will be developed by E-Finance and Zakat House.
The E-Finance team identifies two principal reasons for this trend: "First, to guard against the diminishing entry costs which new trading systems and venues face.
An e-finance pioneer, Michel founded FICS, a software provider in the field of internet banking and regulatory financial reporting.
The E-Finance Companyfor Technology of operating financial institutions signed a mutual cooperation agreement with the Mortgage Finance Fund (MFF) to make available e-collection of its fees.
In response to the current state of Internet valuations, the E-Finance team has recommended a diversified basket rather than individual stocks to investors.