nondepository financial institution

Definitions of nondepository financial institution
  1. noun
    a financial institution that funds their investment activities from the sale of securities or insurance
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    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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