Finance – addresses the ways in which individuals and organizations raise and allocate monetary resources over time, taking into account the risks entailed in their projects.
Finance is the science/study of funds (money) management, primarily focusing on asset/liability allocation over a period of time with certain/uncertain conditions (risk level/expected rate of return) and how the interrelations of them all.
Finance also deals with how money is saved, spent, and budgeted, partially for the goal of pricing assets and liabilities.
Finance is a broad term and can be used relating to:
The Study of Money/Assets
Asset Management/Control Project Risk Profiling/Management
Time Value of Money is defined as the purchasing power of one unit of currency can vary over time.
Financial Categories/Areas of General Interest:
Corporate Finance (Financial Services)
Quantitative Behavioral Finance