Economics of Money, Banking and Financial Markets, Business School 3rd edition Chapter 13. Nonbank Finance
Please
List and explain in detail 4 types of nonbank financing
Following is the list of Nonbank financing along with explanation:
Asset Finance: Such financing companies main business is to provide finances for purchase of assets like machines ,automobiles , generator, etc.
Investment Company : The main business of these companies is to deal with securities.
Loan Companies : The main business of such companies is to provide loans not for assets but for other purposes such as working capital requirement,etc.
Infrastructure debt fund : The main purpose is to infuse funds in infrastructure sector. The IDF could be set as trust or company.
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