Financial - Page 15

The term "financial" relates to anything concerning the management, creation, and study of money, investments, and other financial instruments. It encompasses various aspects such as budgeting, saving, lending, and the overall handling of monetary resources. Financial matters can involve personal finance—how individuals manage their savings and expenses—as well as corporate finance, which refers to how businesses manage their revenues, expenses, and investments. The term also includes financial markets, where securities, commodities, and other assets are traded, and various financial systems that govern economic transactions. In essence, "financial" signifies the economic activities associated with the flow and management of money.