What does nondepository financial institution mean?
Definitions for nondepository financial institution
non·de·pos·i·to·ry fi·nan·cial in·sti·tu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word nondepository financial institution.
Princeton's WordNet
nondepository financial institutionnoun
a financial institution that funds their investment activities from the sale of securities or insurance
ChatGPT
nondepository financial institution
A non-depository financial institution is a type of financial institution that does not accept traditional deposits from customers. Instead, these institutions provide financial services such as loan disbursement, investment services, insurance products, and brokerage services, making money from fees, interest, and transactions instead of borrowing and lending. Examples of non-depository financial institutions include insurance companies, mutual funds, pension funds, and brokerage firms.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of nondepository financial institution in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of nondepository financial institution in Pythagorean Numerology is: 5
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"nondepository financial institution." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/nondepository+financial+institution>.
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