TeachMeFinance.com - explain nondepository financial institution
nondepository financial institution -- a company that deals in financial instruments but does not accept deposits. Examples are insurance companies and brokerage firms.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.