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Meaning of financial framework
A financial framework refers to a set of rules, principles, and standards that guide financial decisions and activities within an organization or economy.
Etymology of financial framework
The word "financial" comes from the Old French "financier," meaning "to manage money," which is derived from the Latin "finis," meaning "end" or "payment."
The word "framework" comes from the Old English "framian," meaning "to construct" or "to build," and the Old Norse "vørk," meaning "work" or "structure."
The term "financial framework" has been in use since the mid-20th century, particularly in the context of business and economics.
Synonyms
Definitions
- A financial framework is a structured approach to managing an organization's finances, including its revenues, expenses, assets, and liabilities.
- * It provides a coherent and consistent structure for financial planning, budgeting, and decision-making.
Usage Examples
- The company's financial framework includes a detailed budget plan and a comprehensive risk management strategy.
- * The government's financial framework is designed to promote economic growth and stability.
- * The financial framework of the non-profit organization is focused on transparency and accountability.