Difference between Money and Finance

What is the difference between Money and Finance?

Money as a noun is a legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply. while Finance as a noun is the management of money and other assets.

Money

Part of speech: noun

Definition: A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply. A generally accepted means of exchange and measure of value. A currency maintained by a state or other entity which can guarantee its value (such as a monetary union). Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally. The total value of liquid assets available for an individual or other economic unit, such as cash and bank deposits. Wealth An item of value between two parties used for the exchange of goods or services. A person who funds an operation. Of or pertaining to money; monetary.

Finance

Part of speech: noun

Definition: The management of money and other assets.The science of management of money and other assets.In plural (finances), the monetary resources, especially those of a public entity or a company.

Part of speech: verb

Definition: To provide or obtain funding for a transaction or undertaking.

We hope you now know whether to use Money or Finance in your sentence.

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