nondepository financial institution

Questions about nondepository financial institution

What does nondepository financial institution mean?

nondepository financial institution means "a financial institution that funds their investment activities from the sale of securities or insurance".

Is nondepository financial institution a common word?

nondepository financial institution is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.