The term ‘finance’ stems from the Latin ‘finis’ indicating the ending of a monetary debt, fi ne or tax liability; in English usage it was gradually extended to embrace money management in general(eighteenth century). Housing fi nance can be thought of as a system of money and credit that operates to enable all types of residential property to be produced, managed, acquired, maintained, repaired, renewed and exchanged. A key distinction is usually made between finance that is used for capital and revenue purposes and finance that is used to augment incomes (see capital and revenue , low income households and subsidies ).
Swipe to navigate through the chapters of this book
Please log in to get access to this content
- Macmillan Education UK
- Sequence number