Finance In simple term '' Finance'' denotes wealth or money. Like a man cannot live without blood, business and economic system cannot run without finance, so it is regarded as the life blood of business system. Finance is the art of allocating assets and liabilities over the time for certainty and uncertainty. In other word, finance is the science of describing the management, creation and study of money, banking, credit, investments, assets and liabilities. Finance consists of financial systems, which include the public, private and government. Finance is the main means of mobilization of funds, the method of allocating, acquiring and managing fund is known as finance.
According to Lawrence J. Gitman: ''Finance can be defined as art and science of managing money. ''
