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Non-Depository Financial Institution

Non-Depository Financial Institution - Non-Depository Financial Institution is the Government or the private organizations, such as building society, insurance company, investment trust, or mutual fund, or unit the trust serving as an intermediary between the savers and borrowers, but not accepting time deposits. Such institutions fund their lending activities either y selling securities, bonds, notes, stocks and shares, or insurance policies to the public. Their liabilities, depending on the liquidity of the liability, may fall under one or more money supply definitions, or classified as near money. It is the financial institution that funds their investment activities from the sale of securities or insurance.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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