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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 ?
E-finance provides state of the art Electronic Payment Solutions and Business Integration & Optimization services to the government and financial sectors in a secure environment according to the international security standards.
Ibrahim Sarhan, chairperson of E-Finance, said the protocol will serve a wide range of customers and ease the burden of collecting money, which has become easier through electronic payment methods.
As the largest provider of e-services for the government and private sector in Egypt, we are enabling consumers to embrace the digital age, in terms of convenience, proximity and the range of services that they can access through this partnership," says Ibrahim Sarhan Chairman of e-finance.
The book's new focus was the second wave of e-finance in Europe.
Leeds Co-op has paid GBP100,000 to CODA for the supply of its CODA-Financials and CODA e-Finance software products.
eFinance Insider said the acquisition will extend its reach by over 30% to more than 30,000 e-finance and Internet industry professionals.
0 is a real-time system designed to give financial institutions a scalable and flexible foundation for the delivery of e-finance services to their customers.
Established in 1996, Global Link serves as State Street's central e-finance network offering clients access to a broad array of advanced e-finance applications and services across multiple asset classes with full connectivity to global investment managers' chosen trading destinations, including multiple exchanges, brokers, bank counterparties and other online trading venues.
1 offers improved access to the financial system across the Internet/intranets/extranets by users and trading partners, enhanced security and speed of financial transactions, upgraded interfaces to QSP's other e-finance applications and extended scalability for the management of very high user populations and transaction volumes.
E-finance, the electronic payment and collection gateway, signed a cooperation protocol with University of Alexandria hospitals to develop electronic services and payment methods for outpatient clinics.
In one of TWST's hallmark roundtable discussions, a distinguished panel of analysts reviews at great length the performance of the E-FINANCE industry, and examines the factors that determine the success of companies within the sector.