private finance
/praɪvət ˈfaɪnəns/ · pri.vate.fin.ance
noun
- The management of personal or family financial resources, including investments, savings, and debt, outside of public or institutional oversight. She sought the advice of a financial advisor to manage her private finance effectively.
noun
- A system of financial management that is not subject to public scrutiny or regulation, often used by high-net-worth individuals or families. The wealthy family's private finance team worked behind the scenes to minimize their tax liability.
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Did you know? The concept of private finance has been around for centuries, with wealthy families and individuals using various strategies to manage their financial resources discreetly.