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nondepository financial institution vs insurance firm

insurance firm vs nondepository financial institution

nondepository financial institution and insurance firm both are nouns.

Word NounAdjectiveVerbAdverb
nondepository financial institution Yes No No No
insurance firm Yes No No No
As nouns, insurance firm is a hyponym of nondepository financial institution; that is, insurance firm is a word with a more specific, narrower meaning than nondepository financial institution:
  • nondepository financial institution: a financial institution that funds their investment activities from the sale of securities or insurance
  • insurance firm: a financial institution that sells insurance
nondepository financial institution (noun) insurance firm (noun)
a financial institution that funds their investment activities from the sale of securities or insurance a financial institution that sells insurance
Difference between nondepository financial institution and insurance firm

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