What do we understand by the term 'finance'?

Most of the time we use the term 'finance' when we say a sentence e.g. my friend is going to finance a program. In this sentence we use the word ‘finance’ for funding or providing a certain amount of money. But, if I get into a vivid description of the term ‘finance’ then what do we mean by it?
According to me it deals with money and the market, in the way of debt, provision of credit, investments and insurance. We can also say it as the process of generating revenue as well as doing expenditure.
Normally financing comes in scenario when we are in need of credit. We go to banks(acts as a financier) who provides us with loans(finance)and fulfill our need. We repay the loan along with some percentage of interest and in this way we clear our debt.
This is a normal scenario which I have presented or you can say a brief explanation which I have tried giving about finance.In future i will try to concentrate on different financial topics such as mortgage, debt, credit, insurance, taxation, share trading, stock markets which will be helpful to you.