NONDEPOSITORY FINANCIAL INSTITUTION

Pronunciation (US): (GB):

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)

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)