Nondepository financial institution and Securities firm

Nondepository financial institution noun - A financial institution that funds their investment activities from the sale of securities or insurance.

Securities firm and nondepository financial institution are semantically related. In some cases you can replace phrase "Securities firm" with "Nondepository financial institution", this phrases are similar.

Securities firm noun - A stock broker's business; charges a fee to act as intermediary between buyer and seller.

Nondepository financial institution and securities firm are semantically related. You can use "Nondepository financial institution" instead a noun phrase "Securities firm".