Mind your business

Here are some popular financial terms that you probably use regularly. However, do you know how they originated? Given here are the origins of these words:

• Vesting (Earning pension over time): the verb ‘vest’ is derived from the Latin word ‘vestire’, meaning ‘to clothe, especially someone holding a rank’. So soon, the word derived the connotation of ‘to place or secure something in the legal possession of a person’.
• Budget (A sum of money allocated for a particular purpose): French merchants, in the Middle Ages, carried money in a ‘bougette’ (little bag). This word has its origins in the Latin word ‘bulga’ (a leather bag). The word got its current meaning during its import into English.
• Finance (Management of money): The word originates from the old French and Latin word ‘fine’ (end). The French word also had the connotation of ‘payment’. However, when the English adapted it in the 18th century, they began using the word only for money management.
• Money (Currency; medium of exchange): The Roman goddess Juno was responsible for warning the Romans of impending danger. So, she was called Juno Moneta – the name meaning ‘warn’ in Latin. As a tribute to her, the Romans built a temple on Capitoline Hill, which later became the place where coinage was kept. The name Moneta eventually evolved into the word money.