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Simple English definitions for legal terms
finance
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A quick definition of finance:
Finance is all about managing money, credit, banking, and investments in a business. It's like a science that helps people understand how to handle money and make smart decisions about it. When someone needs money for something, they can finance it by finding a way to raise or provide the funds they need.
A more thorough explanation:
Definition: Finance is the management of money, credit, banking, and investments. It is also the science or study of managing money.
Examples:
- After working in finance for a few years, John decided to start his own business.
- Studying finance in college helped Sarah understand how to invest her money wisely.
- The company needed to finance their new project, so they applied for a loan from the bank.
The first example shows how finance is related to business and career choices. The second example illustrates how studying finance can help individuals make better financial decisions. The third example demonstrates how finance can involve raising funds through loans or other means.