Financial

From WikiMD's Wellness Encyclopedia

Financial is a term that refers to matters related to the management, creation, and study of money and investments. It is a broad term that can encompass a variety of aspects, including personal finance, corporate finance, and public finance.

Personal Finance[edit | edit source]

Personal finance involves all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings, and retirement planning.

Corporate Finance[edit | edit source]

Corporate finance deals with the financial activities of corporations. This includes the decision to invest the firm's funds in assets and projects, the decision on the best ways to finance these investments, and the decision on how much and in what form to return funds back to the owners of the firm.

Public Finance[edit | edit source]

Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.

Financial Markets[edit | edit source]

Financial markets are venues where buyers and sellers interact to trade financial assets, such as stocks, bonds, commodities, derivatives, and currencies.

Financial Services[edit | edit source]

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.

See Also[edit | edit source]

Financial Resources
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Contributors: Prab R. Tumpati, MD