Details

Title: Finance 1000

Description: Ch. 1

Total Flash Cards: 6

Created: 01/18/2007 17:24:55

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Additional Finance Flashcards

Cards in this set:

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.