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NONDEPOSITORY FINANCIAL INSTITUTION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A financial institution that funds their investment activities from the sale of securities or insurance
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("nondepository financial institution" is a kind 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)
Hyponyms (each of the following is a kind of "nondepository financial institution"):
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)
Holonyms ("nondepository financial institution" is a member of...):
market; securities industry (the securities markets in the aggregate)
