definition
strict definition
financial association
An organization to promote common causes among various enrolled financial service providers.
A financial association is a professional association whose members are providers of financial services, such as banks, asset managers or other financial advisors.
The members provide financial services and participate in a common professional organization. Membership is distinct from being a customer buying a bank or advisory service.
An association can promote its members' shared interests without supplying their loans or managing their clients' assets. Those services remain separate roles of the member firms.
Related definitions
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asset manager
An organization holding title to a building on behalf of several owners, commonly through a real estate fund. -
financial consultant
A company that advises firms or individuals on financial transactions and financial management. -
financing
A company which supplies the loan or mortgage for a structure's development and construction. -
investment advisor
A financial specialist advising a prospective purchaser before and during a property acquisition. -
investor
A person or company providing capital for a structure's development in the hope of a financial return. -
leasing company
A company involved in leasing property for use by parties that do not acquire its ownership. -
mortgage bank
A nondepository lender specializing in mortgage loans made directly to its customers. -
pension fund
An investment fund established to provide retirement income for the people investing in it. -
valuation/rating
A firm that assesses the market value or another defined type of value of buildings or properties.