[ Browse by Service Category : Community Economic Development and Finance : Sub-Topics of Banking and Financial Services (71) ]

Financial Institutions

Organizations whose business is to receive money on deposit, cash cheques or drafts, discount commercial paper, make loans, issue promissory notes payable to the bearer, and/or accept payments for bills. Included are banks and savings and loans as well as other institutions that provide an alternative to the traditional banking system; nondepository institutions such as insurance companies, brokerage firms and mutual fund companies that sell financial products; and other types of organizations including businesses that serve as bill payment locations or offer other services related to finance.

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Funding

The purposes for which grant dollars provided by foundations and other funding organizations are designated (e.g., capital support, endowments, research) and/or the types of activities organizations engage in to fund their programs (e.g., nonprofit retail stores).

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The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.


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