Meaning and Definition Business Finance
The term business finance denotes the economic resources employed in business enterprises. This term includes money and credit employed in the business. Business finance is mainly concerned with arrangement of cash and credit for the business enterprises to carry out their day to day operations smoothly.
It is clear from the definitions given above that the term ‘business finance’ is mainly concerned with not only acquisition of funds from various sources but also with effective and efficient utilisation of the finance mobilised therefrom.
“The finance function is the process of acquiring and utilizing funds by a business.”
– R.C. Osborn
“Finance is that business activity which is concerned with the acquisition and conservation of capital fund in meeting the financial needs and overall objectives of business enterprises.”