finance
/faɪˈnæns/ · fi·nance
noun
- The management of money and other assets. Effective finance is essential for any nonprofit organization.
- The science of managing money and other assets. She earned a doctorate in finance to study market behavior.
- (usually plural) Monetary resources, especially those of a public entity or a company. Who’s really in charge of a democracy’s finances?
verb
- To conduct or procure money for financial operations; manage finances. The CFO will finance the new project through a mix of equity and debt.
- To pay ransom. Kidnappers demanded that the family finance the release of the hostage.
- To manage financially; be a financier for; provide or obtain funding for a transaction or undertaking. He financed his home purchase through a local credit union.
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Did you know? The word ‘finance’ originally meant ‘a settlement of a debt’, stemming from the Latin ‘finis’ (end), and only later expanded to cover the broader field of money management.