Principles of Finance/What is Finance?

What is Finance? Finance is an imprecise generalization that may encompass several branches of economics, law and general know-how on managing valuable assets. From simple currency and property to bonds and other more complex financial instruments. More specifically, one can state that through financial analysis and decisions, planned actions can be taken regarding the collection and use of those assets as to optimize financial resources toward the objectives of an organization (states, companies and businesses) or individual. Types of finance: Overdraft Bank term loans Asset-based finance Receivables Finance Invoice discounting Angel funding Venture capital Personal resources