- Types:
- show 18 types...
- hide 18 types...
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brokerage, brokerage firm, securities firm
a stock broker's business; charges a fee to act as intermediary between buyer and seller
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insurance company, insurance firm, insurance underwriter, insurer, underwriter
a financial institution that sells insurance
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pension fund
a financial institution that collects regular contributions from employers to provide retirement income for employees
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fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies
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finance company
a financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses
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bucket shop
an unethical or overly aggressive brokerage firm
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marriage brokerage, marriage mart
a business that arranges marriage contracts
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hedge fund, hedgefund
a flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging
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mutual fund, mutual fund company, open-end fund, open-end investment company
a regulated investment company with a pool of assets that regularly sells and redeems its shares
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closed-end fund, closed-end investment company
a regulated investment company that issues a fixed number of shares which are listed on a stock market
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face-amount certificate company
a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
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REIT, Real Estate Investment Trust
an investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can be bought and sold in the stock market
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unit investment trust, unit trust
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
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consumer finance company, small loan company
a finance company that makes loans to people who have trouble getting a bank loan
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captive finance company
a finance company owned by a manufacturer to finance dealers' inventories or to make loans to consumers buying the company's products
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sales finance company
a finance company that buys (at a discount) the installment sales contracts of retail merchants
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commercial credit company, commercial finance company
a finance company that makes loans to manufacturers and wholesalers
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fixed investment trust, nondiscretionary trust
an investment trust that can buy only those securities listed when the trust was organized
