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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
References in periodicals archive ?
Houlihan arranged the financing for this transaction.
49 million acquisition financing--Hilton Santo Domingo, Dominican Republic--The financing will be used for the acquisition of a newly-built 21-story, 228-key, business hotel located adjacent to Malecon Center, a mixed-use complex for retail shopping, cinema and commercial office space.
Premium financing is one of several sources of outside funding available for an insured beyond using its normal credit lines, said Counselman, who also is a director and former chairman of the Council of Insurance Agents & Brokers, vice president and director of Professional Agencies Reinsurance Ltd.
Consequently, Latin American companies must be more proactive in getting financing.
The right to use borrowed money at below-market interest rates represents a valuable economic benefit in terms of the cost savings that can be achieved in financing income-producing activities.
If these measures fail, the venture can step out of its relationship with the dealer or help to arrange different financing.
8) Equity interests constitute financing transactions if (i) the issuer is required to redeem the stock or similar interest; (ii) the issuer has the right to redeem the stock or similar interest, but only if, as of the issue date, such redemption is more likely than not to occur; or (iii) the owner of the stock or similar interest has the right to require a person related to the issuer (or any other person acting pursuant to a plan or arrangement) to acquire the stock or similar interest or make a payment with respect to the stock or similar interest.
Nursing home operators looking at REITs as potential sources of financing need to consider carefully what the REIT is likely to be looking for.
Department of Education named PMC the designated bonding authority for the agency's $375 million capital financing program for historically black colleges and universities (HBCUs).
This book is intended to provide a conceptual starting point for the further development of the reader's ideas on project financing.
Alan Perlmutter, managing member of GCP Capital Group LLC, arranged the financing.
Ex-Im Bank) have teamed up to provide flexible and attractive equipment financing for the customers of U.

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