Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.
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Some articles on finance:
... In corporate finance, investment banking and the accounting profession financial modeling is largely synonymous with cash flow forecasting ... Financial statement analysis (including of operating- and finance leases, and R D) Project finance ... see below for discussion as to more sophisticated approaches sometimes employed, see Corporate finance Quantifying uncertainty ...
... In quantitative finance, financial modeling entails the development of a sophisticated mathematical model ... or "financial engineering" and models of the firm's financial decisions or "quantitative corporate finance" ... of these problems is discussed under Mathematical finance, while specific techniques are listed under Outline of finance Mathematical tools see also Financial models with long-tailed distributions ...
... that can lead to the field Generalist Finance qualifications Degrees Masters degree in Finance (MSF), Master of Financial Economics, Master of Finance Control ...
... debt obligations (CDO) Collateralized mortgage obligations (CMO) Structured finance Collective investment schemes for pooling in relation to investment ...
More definitions of "finance":
- (verb): Sell or provide on credit.
- (noun): The branch of economics that studies the management of money and other assets.
- (noun): The commercial activity of providing funds and capital.
- (verb): Obtain or provide money for.
Example: "Can we finance the addition to our home?"
Famous quotes containing the word finance:
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (18701924)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (19021983)