Financial Institutions, 2026 – Lecture Notes and Study Material
bond - ANS✔✔ Represents money a government or company has borrowed from the
bondholder.
business finance company - ANS✔✔ Provides loans for businesses, such as retail stores.
captive finance company - ANS✔✔ Formed by a manufacturer to provide loans so the
manufacturer can easily sell its goods.
commercial bank - ANS✔✔ A financial institution owned by investors that focuses on business
customers, providing bank accounts along with specialized services such as foreign exchange,
investment services, and capital loans; some also provide limited customer-oriented services,
such as personal checking and savings accounts.
commission - ANS✔✔ A fee, such as the kind charged by a stockholder for placing an order.
consumer finance company - ANS✔✔ Provides high-interest personal loans to individuals who
have poor credit.
cooperative - ANS✔✔ A business or organization that is owned by its members who cooperate
to run the organization.
credit union - ANS✔✔ A financial institution that provides many of the same services as banks
and S & L's, but owned by its members and run on a nonprofit basis.
deposit - ANS✔✔ Money placed or transferred into a bank account.
bond - ANS✔✔ Represents money a government or company has borrowed from the
bondholder.
business finance company - ANS✔✔ Provides loans for businesses, such as retail stores.
captive finance company - ANS✔✔ Formed by a manufacturer to provide loans so the
manufacturer can easily sell its goods.
commercial bank - ANS✔✔ A financial institution owned by investors that focuses on business
customers, providing bank accounts along with specialized services such as foreign exchange,
investment services, and capital loans; some also provide limited customer-oriented services,
such as personal checking and savings accounts.
commission - ANS✔✔ A fee, such as the kind charged by a stockholder for placing an order.
consumer finance company - ANS✔✔ Provides high-interest personal loans to individuals who
have poor credit.
cooperative - ANS✔✔ A business or organization that is owned by its members who cooperate
to run the organization.
credit union - ANS✔✔ A financial institution that provides many of the same services as banks
and S & L's, but owned by its members and run on a nonprofit basis.
deposit - ANS✔✔ Money placed or transferred into a bank account.
