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Details Title: Finance 1000 Description: Ch. 1 Total Flash Cards: 6 Created: 01/18/2007 17:24:55	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
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.