Finance

Finance can be defined as the commercial activity that provides fund and capital for any enterprise. It is the branch of economics that deals with studies of management of money and resources and providing or obtaining money in any form. Another form of finance is buying or selling on credit. It involves the management of credit, loans, banking and financing.

Types of Finance can be lease, loan, chattel, cash, savings, earnings, profit, balance sheet, cost benefit analysis, auditing, accounting, credit, debit, liabilities and assets.
Loans can be conventional, personal, long term, short term, interest-free, with interest, hire purchase, or operating loans.

Lease may be operating, contract, long or short term, direct or indirect. Finance also involves mortgages and equities.

Business finance includes traditional business finance, loans, mortgages, lease, Assets finance, property and capital finance, working capital finance, investment finance, equity finance, and share capital finance.

Personal finance includes domestic finance, household article loans, professional finance, personal property finance, health care finance, insurances, commercial deal finance and personal loans.

Subjects related to finance are accounting, finance, banking, domestic trade, international trade, money, currency and currency exchanges, conversion, capital, commerce, auditing and e-commerce etc.

Finance involves credit. The four basic types of credit are service credit, loans, installment credit and credit cards. Other credits are overdraft, store card, unsecured loan, hire purchase agreement, secured loan and pawn broking (obtaining short term loans against securities like jewelry).

E-commerce could be business to business (B2B), business to consumer (B2C), consumer to business (C2B), business to employee (B2E), and consumer to consumer (C2C).

Study of Finance involves learning about raising, allocating, use and management, and risks involved in financial transactions.

Finance is all about money that can be commodity money, representative money, credit money, flat money or fiat money.

Financial management involves procurement and utilization of funds with the objective of profit maximization.

Objectives of financial management are profit maximization and wealth maximization without social considerations.

Investment is management of finance for productive purposes.

Financial services include loans, investments, interest earning, equities and share marketing, acquisition, and refinancing.

Markets are consumer market, industrial market, black market, wholesale market, product market, retail market and future market.