Finance is
collection of fund or investment of fund. Finance can be defined in many ways
as follows:
In general
sense, “Finance is the management of money and other valuables, which can be
easily converted into cash.”
In simple
term, “Finance is concerned with decisions about money or more approximately
cash flows.”
In broader
sense, “Finance is the process of finding best efficient least cost sources of
fund, collection of fund and proper utilization of fund. Finance is related
with every business transaction whether it is directly or indirectly.”
According to
experts, “Finance is concerned with cash, in every business transaction finance
involves cash directly or indirectly.”
To sum up,
Finance is the process of selection + collection + management + proper
utilization of fund.
