Do you enjoy words? I do. They are so important to our ability to understand each other, and since we all have different experiences we have different understanding of what a word means. This applies more often to the words we take for granted, especially when they cover a wide body of knowledge like the word "Finance".

In the course of writing our book that is coming out this summer, I decided to look up other people's definition of finance. I've worked in finance from a business perspective for over 20 years and so I take it a little for granted that everybody knows what it means. Recently I discovered that some people find it mysterious.

Here are some definitions below for your review.

For your business, the best definition is the science of management of money and other assets.

Science is about having a method.

Bottom line Question: Are you managing your money and other assets with a repeatable methods?

If you are not getting the results you want maybe you should be validating these methods.

Definition of FINANCE

from merriam-webster.com/dictionary/finance

1. plural : money or other liquid resources of a government, business, group, or individual
2. : the system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities
3. : the science or study of the management of funds
4. : the obtaining of funds or capital

from investorwords.com

1. A branch of economics concerned with resource allocation as well as resource management, acquisition and investment. Simply, finance deals with matters related to money and the markets.
2. To raise money through the issuance and sale of debt and/or equity.

from thefreedictionary.com

1. The science of the management of money and other assets.
2. The management of money, banking, investments, and credit.
3. finances Monetary resources; funds, especially those of a government or corporate body.
4. The supplying of funds or capital.

Definition of SCIENCE

from thefreedictionary.com

n.

1. Methodological activity, discipline, or study: I've got packing a suitcase down to a science.
2. An activity that appears to require study and method: the science of purchasing.
3. Knowledge, especially that gained through experience.