nondepository financial institution

Definition

A financial institution funded by the sale of stock, insurance or other securities instead of through deposits.

Use this term in a sentence

You should try and have an account with a nondepository financial institution that you can get money from any time.

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The nondepository financial institution sold its stock to enable it to be able to function entirely by it self today.

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He worked in the nondepository financial institution and that was a lot better because it was a better atmosphere and he liked it more.

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nondepository credit institution nondepository credit institution