finance

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finance,

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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.

Bibliography

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).

Finance

See also Money.
Bourse
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.]
Praxidice
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]

finance

1. funds or the provision of funds
2. funds; financial condition
References in periodicals archive ?
A financially free life is lived by the principles of success.
Non-Philhealth member patient classified as financially incapable are entitled to immediately avail of benefits, ward type accommodation, and no premium payment.
Singapore is home to the highest percentage of financially literate adults (59 percent) in Asia, while only 18 percent of Cambodian and Nepalese adults were able to correctly answer the questions on basic financial concepts.
Yemen (13%), Albania (14%) and Afghanistan (14%) are the least financially literate populations worldwide, with one in seven or fewer residents financially literate.
Canadians are split on where they stand financially compared to a year ago.
FactorTrust pointed to the Center for Financial Services Innovation as good source for information about the income of financially underserved consumers.
63% of retirees are most likely to feel financially protected.
Financially distressed consumers obtained retirement information from a variety of sources such as media, Internet, friend or family, banks, financial planners/ counselors, lectures, lawyers, and accountants.
Only a few took a hard look at their missions, their costs, their financial aid programs, and their strategic institutional goals, and then developed financially sustainable plans for the future.
One of the factors that purchasers have in common is that they all really want to live on the Lower East Side, although financially they could live anywhere," said Barrie Mandel, of Corcoran Group Marketing, who is the Director of Sales at Blue.
The survey also found 13% of Brits say they are financially content.
We think all teachers should be rewarded financially for what they do.

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