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finance

Meaning in simple English

US /ˈfaɪnæns/

finance means: The work of managing money, banks, investments, and how money is used.

noun

MONEY FIELDB2

The work of managing money, banks, investments, and how money is used.

  • She works in finance.
  • He studied finance at university.
  • The finance minister announced new taxes.

Common phrases: work in finance, finance department, minister of finance

AVAILABLE MONEYB2

The money a person or organization has, and how they manage it.

  • My finances are in good shape.
  • They reviewed their finances before buying a home.
  • Unexpected bills put pressure on her finances.

Similar words: funds, resources

Common phrases: personal finance, household finance, finance management, public finance

PURCHASE LOANB2

A loan or payment arrangement that lets you buy something and pay for it over time.

  • We bought the car on finance.
  • The dealer offers finance at low interest rates.
  • Was your application for finance approved?

How to use it: on finance (She bought her new sofa on finance.)

Similar words: credit, financing

Common phrases: buy on finance, car finance, apply for finance

verb

PROVIDE MONEYB2

To provide the money needed for something.

  • The bank financed our new shop.
  • She financed the trip with her savings.
  • Who will finance the building work?

How to use it: finance something with something (He financed the repairs with a small loan.); be financed by someone/something (The project was financed by local businesses.)

Similar words: fund, pay for

Common phrases: finance a project, finance a business, finance something with something

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