Here an example that illustrates my question.
A $\pi$-system $\mathcal P$ on set $\Omega$ is defined here to be a collection that is not empty and satisfies the rule $A,B\in\mathcal P\implies A\cap B\in\mathcal P$.
Then they go on by saying that the collection is closed under finite intersections.
But wait a minute... Isn't $\varnothing$ a finite set?
Interpreting the empty intersection as $\Omega$, this can make people think that $\Omega\in\mathcal P$, which is not a consequence of the definition.
($\varnothing\subseteq\mathcal P$ and it is vacuously true that $\omega\in P$ for every $\omega\in\Omega$ and every $P\in\varnothing$)
Personally I would rather go for "closed under binary intersection" keeping in mind of course that this implies "closed under non-empty finite intersections".
Thanks in advance for sharing your thoughts on this.
They don't mean intersections of finite sets, they mean intersections of finite numbers of sets. For instance: if A,B, and C are sets in P, then $A\cap B\cap C\in P$ In general, this is true because, the base case follows from the definition of P and if $\cap$ {$A_1,A_2,....A_k$} $\in P$, for $k\in \mathbb N$, and $A_{k+1}$ is any set, ($\cap$ {$A_1,A_2,....A_k$})$\cap A_{k+1}$ is just an intersection of 2 sets, which we know is in P by the definition of P. Thus, by induction on the number of sets in an intersection P is closed under the intersection of any finite number n of sets: i.e. closed under finite intersection.
Also, from the information you provided, it doesn't even follow that the empty set has to belong to a given pi system of a set omega, although there are surely some pi systems that do; for instance, the pi system {O}. Clearly this is a pi system of any set omega since it's a non-empty collection of subsets of omega that is closed under intersections of any finite number of sets within it.