nondepository financial institution
- noun
- /ˌnɒn.dɪˈpɒz.ɪ.tɔː.ri faɪˈnæn.ʃəl ɪnˈstɪ.tjuː.ʃən/
- Specialized
:
institución financiera no depositaria
- Insurance companies are a common example of a nondepository financial institution.
Examples
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A nondepository financial institution typically generates revenue from investment products rather than customer deposits.
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A nondepository financial institution does not take deposits.
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Regulatory requirements differ for nondepository financial institutions compared with traditional banks.
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Many nondepository financial institutions offer loans and insurance.
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Insurance companies are a common example of a nondepository financial institution.
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A nondepository financial institution typically generates revenue from investment products rather than customer deposits.
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Regulatory requirements differ for nondepository financial institutions compared with traditional banks.
Synonyms
Not provided by a bank, such as a payment service from another company
How Depository
- Specialized
1
2.7
∞
1.0
- Specialized
6
3.4
- Specialized
Surface Forms
Morphology
nondepository + financial + institution
The phrase is compositionally built from a negative prefix + depository plus the nouns 'financial' and 'institution', so its meaning ('a financial institution that does not accept deposits') is directly inferable from the constituents. This negation+noun pattern is a regular morphological process and is cross-linguistically common, so a learner who knows the parts should grasp the MWE.
Etymology
Nondepository financial institution is a name for a money company that does not take customer 'deposits'. The part nondepository literally means 'no deposits' and financial institution means a company that handles money, and these firms get funds by selling insurance or investment products, so the term means a financial company that 'does not accept deposits'.