In a general sense, finance means collecting money. In the broadest sense, financing is the act of planning, allocating, storing, using, and controlling money. The word finance comes from the Latin word Finis which means to collect money. In short, financing refers to the efficient management of money. Definition of Finance By Different Authors: L. G Gitman defines, “Finance is the art and science of managing money.” John J. Hampton defines the term “Finance can be defined as the management of flows of money through an organization, whether it be…
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