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 ?
The merged entity will face competition from Westpac/St George and manufacturer-aligned financiers as well as the possibility of new entry, and pressure from vehicle manufacturers (OEMs) to ensure that their dealers finance offers remain competitive with those of other dealers.
Les flux d'investissements etrangers directs en Egypte s'elevent depuis le mois de juillet 2004 et jusqu'au mois de juin 2009 a quelque 49,2 milliards de dollars, a precise le texte du communique du ministre de l'Investissement, qui a ajoute que ce genre d'investissements a connu une croissance accrue depuis l'exercice fianancier 2004-2005, avec une augmentation de 85%, soit 3,9 milliards de dollars, par rapport a un montant de 2 milliards de dollars realise lors de l'exercice financier 2003-2004.
It is no longer enough for financiers and other parties to be expert in only one component of a trade finance deal.
Luxembourg for Finance, l'agence pour le developpement de la place financiere est le fruit d'un partenariat entre le Gouvernement luxembourgeois et la Federation des Professionnels du Secteur Financier, Luxembourg (PROFIL).
Patterson a fait preuve d'interet a attirer de nouveaux investisseurs americains dans le marche financier egyptien au niveau des banques d'investissement et des institutions financieres.
Florio Fiorini, one of two Italian financiers accused of acquiring MGM studios through fraud, was arraigned Monday as part of a plea deal that requires him to cooperate with a government probe of the French bank Credit Lyonnais.
But she also notes that he held on to the $20,000 for several months, returning it only after the financier was indected.
Through the partnership, MyCapitalAccess supplies FAMP members who join the financier network with the training, marketing and sales tools needed to work with small businesses.
La modernisation du systeme financier algerien, notamment les volets financier, bancaire et fiscal, constitue l'une des [beaucoup moins que]priorites[beaucoup plus grand que] des autorites publiques, a indique, hier, a Alger, le ministre des Finances, Mohamed Djellab.
In certain cases, an entrepreneurial invoice financier may be prepared to advance sufficient funds to complete deals even in cases where the investment required is in excess of 100 per cent of the total sales ledger of the business.
Safet Durguti, a representative of the Vazir organization, has also been designated under the relevant United Nations Security Council Resolutions as a terrorist financier.
The Coalition Against Insurance Fraud inducted 13 insurance swindlers into its "Insurance Hall of Shame," a group that includes former financier Martin Frankel, who stole millions from his seven insurance companies, and a man who reported that Russian pirates tried to sink his yacht.