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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).

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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]
Allusions—Cultural, Literary, Biblical, and Historical: A Thematic Dictionary. Copyright 2008 The Gale Group, Inc. All rights reserved.


1. funds or the provision of funds
2. funds; financial condition
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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As an alliance, the WAIFC members will facilitate cross fertilisation among global financial centres, promote the importance of financial centres to local and international economies and focus on projects that advance sustainable economic development.
The MoU will also provide a platform to promote best practices in the areas of green finance and green infrastructure and share information and expertise to help enable cooperation between the two financial centres in areas such as joint professional financial educational and training programs, research, work shops and other activities.
Our target is to become among top 10 financial centres by 2024 target," Kazim said.
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National Bank of Kazakhstan (NBK) will collaborate with Dubai International Financial Centre (DIFC) to explore investment initiatives as part of a memorandum of understanding (MoU) signed between the two parties.
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The event highlighted the recent growth of financial centres in Asia, many of which are now competing with well-established economies in the West.
They say money talks - and Dubai International Financial Centre (DIFC) is shouting its growth from the tops of the towers after announcing almost 900 firms now call the hub home.
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Addressing the delegation in a keynote discussion with Stephen Green, group chairman, HSBC Holdings, at the second FT/DIFC World Financial Centres Summit taking place in London, Dr Bin Sulaiman said: "As well as presenting challenges, the effects of the global financial crisis will potentially open up opportunities that were unthinkable only a few months or even weeks ago."
Bin Sulaiman also spoke about the recent measures by the UAE leaders and the Government to protect the economy and ensure its continued growth.Themes for discussion at the Summit include a new balance for world capital flows; the future of global financial centres; the challenges to the world financial system; the race for talent; the regulatory system; and new strategies for investment banks and private equity.

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