What does non-bank financial institution mean?
Definitions for non-bank financial institution
non-bank fi·nan·cial in·sti·tu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word non-bank financial institution.
Wikipedia
Non-bank financial institution
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFI facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail."Operations of non-bank financial institutions are often still covered under a country's banking regulations.
Numerology
Chaldean Numerology
The numerical value of non-bank financial institution in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of non-bank financial institution in Pythagorean Numerology is: 4
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"non-bank financial institution." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/non-bank+financial+institution>.
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