Shared Flashcard Set

Details

Finance 1000
Ch. 1
6
Finance
Undergraduate 1
01/18/2007

Additional Finance Flashcards

 


 

Cards

Term
bond
Definition
a security representing debt of the issuer
Term
commercial bank
Definition
a financial institution that accepts deposits and makes loans
Term
credit union
Definition
a financial institution that is owned by its members. Members finance the credit union by making deposits, and the credit union extends loans to its members.
Term
deposityory financial institution
Definition
raises funds by accepting deposits from customers
Term
equity
Definition
funds that owners have invested in their business
Term
finance company
Definition
a financial institution that extends loans to its customers and, unlike banks, savings, institutions, and credit unions, does not receive funds by taking deposits. Finance companies usually raises funds directly from investors.
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