Business Finance Week 3

Front

Companies in the financial sector that provide a broad range of business and services including banking, insurance, and investment management.

Back

Financial Institution

Front

What type of financial institutions allowed to accept monetary deposits from the consumers legally. These include commercial banks, savings banks, credit unions, and savings and loan associations.

Back

Depository Institutions

Front

A type of Depository institution that accept deposits from the public and offer security to their customers

Back

Commercial Banks

Front

Perform the function of accepting the savings from the individuals and lending to the other consumers.

Back

Savings Bank

Front

The associations that are created, owned, and also operated by the participants who are voluntarily associated with saving their money and then lending it members of their union only.

Back

Credit Unions

Front

These institutions collect the funds of many of the small savers and then lend them to home buyers or other types of borrowers. They specialize in providing help to the people in getting residential mortgages.

Back

Saving and Loan Association

Front

These institutions serve as the intermediary between the savers and the borrowers, but they do not accept the time deposits. Such institutions perform their activities of lending to the public either by way of selling securities or through the insurance policies.

Back

Non-Depository Institutions

Front

The non-depository institutions/companies pool these payments and invest the proceeds in various securities until the funds needed to pay off claims by policyholders.

Back

Insurance Companies

Front

Owned by investment companies that enable small investors to enjoy the benefits of investing in a diversified portfolio of securities purchased on their behalf by professional investment managers.

Back

Mutual Funds

Front

Financial institutions that receive payments from employees and invest the proceeds on their behalf.

Back

Pension Funds