nondepository

Meanings

• noun

  A financial institution that does not accept deposits or maintain reserve accounts with the central bank.

---

Variants

List of all variants of nondepository that leads to same result
nondepletable , nondepleting

---

Etymology

origin and the way in which meanings have changed throughout history.

From the Latin non 'not' + depositorium 'a place for depositing'.

---

Trivia

Any details, considerations, events or pieces of information regarding the word

1. Non-depository institutions are subject to different regulations than depository institutions.

2. Money market mutual funds are a common type of non-depository institution.

---

Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. depository institution: A financial institution that accepts deposits and maintains reserve accounts with the central bank.

---

Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In economics, a non-depository institution (NDI) is an important component of the financial system. They include credit unions, finance companies, and money market mutual funds.

How to Memorize "nondepository"

1. visualize
   

   - Imagine a bank that does not accept deposits from customers. Visualize the transactions that occur in such an institution.

2. associate
   

   - Associate the term 'non-depository' with institutions that do not accept deposits. Remember, they are not traditional banks.

3. mnemonics
   

   - Use the mnemonic 'N-D-I' to remember that Non-Depository Institutions do not accept Deposits.

---

Memorize "nondepository" using Dictozo

The best and recommended way to memorize nondepository is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.