nondepository financial institution

Definitions of nondepository financial institution
1

n a financial institution that funds their investment activities from the sale of securities or insurance

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
insurance company, insurance firm, insurance underwriter, insurer, underwriter
a financial institution that sells insurance
pension fund
a financial institution that collects regular contributions from employers to provide retirement income for employees
fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies
finance company
a financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses
bucket shop
an unethical or overly aggressive brokerage firm
marriage brokerage, marriage mart
a business that arranges marriage contracts
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
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
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
face-amount certificate company
a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
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
unit investment trust, unit trust
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
consumer finance company, small loan company
a finance company that makes loans to people who have trouble getting a bank loan
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
sales finance company
a finance company that buys (at a discount) the installment sales contracts of retail merchants
commercial credit company, commercial finance company
a finance company that makes loans to manufacturers and wholesalers
fixed investment trust, nondiscretionary trust
an investment trust that can buy only those securities listed when the trust was organized
Type of:
financial institution, financial organisation, financial organization
an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets

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