Howdy Shoaib,
A reminder of the "Important Disclaimer: Answers and comments provided on
Google Answers are general information, and are not intended to substitute
for informed professional medical, psychiatric, psychological, tax, legal,
investment, accounting, or other professional advice."
Even though the following is a reference to gambling, this definition of
"noninstitutional source of lending" by the United States Dpeartment of
Justice (USDOJ) is a good place to start.
http://www.doj.state.mt.us/gaming/forms/13loan.pdf
"'Noninstitutional lender' or 'noninstitutional source' means a person,
other than a state or federally regulated banking or financial institution,
who loans money or supplies financing to an applicant or a licensee."
Note that "person" above refers to not just an individual, but companies
and corporations, etc. as well.
In turn, "institutional" sources are ones that are state or federally based
or regulated, such as banks, savings and loans, brokers, investment bankers,
venture capitalists and more, as seen in this "RR Donnelley" glossary entry
on "Institutional Investor."
http://capitalmarkets.rrdonnelley.com/glossary.cfm
"An institution such as an investment company, mutual fund, insurance
company, pension fund, or endowment fund, which generally has substantial
assets and experience in investments."
Some examples of "noninstitutional" sources of finance are individuals
that are not in a profession that is regulated and some investment groups.
Keep in mind that any individual or group that, even though they might not
be under state or federal regulations, puts into place all of the same
procedures (credit checks, business plans and track record, etc.) or
requirements that one would find in an "institutional" environment, might
as well be considered an "institutional" source of finance.
If you need any clarification, please feel free to ask.
Search strategy:
Google search on: finance source example noninstitutional
://www.google.com/search?q=finance+source+example+noninstitutional
Looking Forward, denco-ga - Google Answers Researcher |
