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Origin and history of finance

finance(n.)

c. 1400, "an end, settlement, retribution," from Old French finance "end, ending; pardon, remission; payment, expense; settlement of a debt" (13c.), noun of action from finer "to end, settle a dispute or debt," from fin (see fine (n.)). Compare Medieval Latin finis "a payment in settlement, fine or tax."

The notion is of "ending" (by satisfying) something that is due (compare Greek telos "end;" plural tele "services due, dues exacted by the state, financial means"). The French senses gradually were brought into English: "ransom" (mid-15c.), "taxation" (late 15c.); the sense of "management of money, science of monetary business" first recorded in English 1770.

finance(v.)

late 15c., "to ransom" (obsolete), from finance (n.). Sense of "to manage money" is recorded from 1827; that of "to furnish with money" is from 1866. Related: Financed; financing.

Entries linking to finance

c. 1200, "termination, end; end of life," from Old French fin "end, limit, boundary; death; fee, payment, finance, money" (10c.), from Latin finis "end" (see finish (v.)), in Medieval Latin also "payment in settlement, fine or tax."

Modern meaning "exaction of money payment for an offense or dereliction" is via sense of "sum of money paid for exemption from punishment or to compensate for injury" (mid-14c., from the same sense in Anglo-French, late 13c.) and from phrases such as to make fine "make one's peace, settle a matter" (c. 1300). Meaning "sum of money imposed as penalty for some offense" is first recorded 1520s.

"pecuniary resources, funds in money," 1730, modeled on the French cognate, from plural of finance (n.).

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