15. INSURANCE
COMPANY
INSURANCE COMPANY PROVIDE RISK MANAGEMENT
AND FINANCIAL PROTECTION AGAINST VARIOUS
RISKS, SUCH AS PROPERTY DAMAGE, LIABILITY,
HEALTH ISSUES, AND DEATH.
THEIR PURPOSE IS TO OFFER
INSURANCE PRODUCTS AND SERVICES
TO INDIVIDUALS AND BUSINESSES TO
MITIGATE FINANCIAL LOSSES.
16. PENSION
FUNDS
PENSION FUNDS MANAGE RETIREMENT
SAVINGS AND INVESTMENTS ON BEHALF OF
EMPLOYEES OR MEMBERS OF PENSION PLANS.
THEIR PURPOSE IS TO ACCUMULATE
FUNDS OVER TIME AND PROVIDE INCOME
SECURITY FOR RETIREES.
17. MUTUAL
FUNDS
MUTUAL FUNDS POOL MONEY FROM MULTIPLE
INVESTORS TO INVEST IN A DIVERSIFIED PORTFOLIO
OF STOCKS, BONDS, OR OTHER SECURITIES.
THEIR PURPOSE IS TO OFFER INVESTORS
ACCESS TO PROFESSIONALLY MANAGED
INVESTMENT PORTFOLIOS AND POTENTIAL
RETURNS.
18. FACTORING
COMPANY
FACTORING COMPANY PURCHASE ACCOUNTS
RECEIVABLE FROM BUSINESSES AT A DISCOUNT AND
COLLECT PAYMENT FROM DEBTORS.
THEIR PURPOSE IS TO ACHIEVE ABOVE-AVERAGE
RETURNS WHILTHEIR PURPOSE IS TO PROVIDE
IMMEDIATE CASH FLOW TO BUSINESSES BY
CONVERTING ACCOUNTS RECEIVABLE INTO
CASH, WHILE ASSUMING THE CREDIT RISK OF
THE DEBTORS.E MANAGING RISKS.
19. PAWNSHOPS
PAWNSHOPS OFFER SECURED LOANS TO
INDIVIDUALS BY ACCEPTING PERSONAL ITEMS,
SUCH AS JEWELRY, ELECTRONICS, OR
VALUABLE GOODS, AS COLLATERAL.
THEIR PURPOSE IS TO PROVIDE SHORT-
TERM LIQUIDITY TO INDIVIDUALS WHO
MAY NOT QUALIFY FOR TRADITIONAL
BANK LOANS OR NEED QUICK ACCESS TO
CASH.
20. FINANCE
COMPANIES
FINANCE COMPANIES PROVIDE LOANS AND
FINANCING TO CONSUMERS AND BUSINESSES FOR
PURCHASING GOODS AND SERVICES.
THEIR PURPOSE IS TO OFFER ALTERNATIVE
SOURCES OF CREDIT OUTSIDE THE
TRADITIONAL BANKING SYSTEM.
21. LEASING
COMPANY
LEASING COMPANY LEASE ASSETS SUCH AS EQUIPMENT,
VEHICLES, OR REAL ESTATE TO BUSINESSES OR
INDIVIDUALS FOR A SPECIFIED PERIOD IN EXCHANGE FOR
PERIODIC PAYMENTS.
THEIR PURPOSE IS TO PROVIDE ACCESS TO
ASSETS WITHOUT THE NEED FOR LARGE
UPFRONT INVESTMENTS.
22. STOCK
BROKERAGE
FIRMS
STOCK BROKERAGE FIRMS FACILITATE BUYING AND
SELLING SECURITIES SUCH AS STOCKS, BONDS, AND
MUTUAL FUNDS ON BEHALF OF INVESTORS.
THEIR PURPOSE IS TO EXECUTE TRADES AND
PROVIDE INVESTMENT ADVICE TO CLIENTS.
23. MONEY
MARKET
MONEY MARKET DEAL IN SHORT-TERM DEBT
SECURITIES SUCH AS TREASURY BILLS, CERTIFICATES
OF DEPOSIT, AND COMMERCIAL PAPER.
THEIR PURPOSE IS TO PROVIDE INVESTORS WITH
INDEPENDENT EVALUATIONS OF CREDIT
RISK.THEIR PURPOSE IS TO PROVIDE LIQUIDITY
AND SHORT-TERM FUNDING FOR GOVERNMENTS,
FINANCIAL INSTITUTIONS, AND CORPORATIONS.
24. FINANCIAL
TECHNOLOGY
(FINTECH)
FINETECH THEY UTILIZE TECHNOLOGY TO
INNOVATE AND DELIVER FINANCIAL SERVICES
SUCH AS PAYMENTS, LENDING, AND INVESTING.
THEIR PURPOSE IS TO PROMOTE FINANCIAL INCLUSION
AND EMPOWER DISADVANTAGED COMMUNITIES TO
IMPROVE THEIR LIVELIHOODS.THEIR PURPOSE IS TO
ENHANCE EFFICIENCY, ACCESSIBILITY, AND
AFFORDABILITY OF FINANCIAL SERVICES, OFTEN
TARGETING UNDERSERVED OR UNBANKED
POPULATIONS.
