Nonintermediated Debt Market

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Nonintermediated debt market

A financial market in which borrowers (government and large corporations) appeal directly to savers for debt capital through the securities markets without using a financial institution as intermediary.

A situation in which no financial institutions stand between counterparties in a transaction involving debt. For example, in the sale of a house, the seller could provide financing directly to the buyer without resorting to a bank. Alternatively, a company may issue a bond directly to investors without hiring an underwriter. That is, the issuer sells the bond on the market and no party acts as a "middle man." This can reduce transaction costs, but can deprive the parties of the expertise the intermediating party can provide. See also: Intermediated market.

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No references found			Noncustodial Parent Nondeductible Contribution Nondeductible Tax Nondeliverable Forward Contracts nondisclosure Nondiscretionary Trust Nondiscrimination Rule nondisturbance clause Nondiversifiability of Human Capital Nondiversifiable Risk Nondiversified Management Company Nondurable Goods Nonequity Option Nonessential Function Bond nonfeasance Nonfinancial Asset Nonfinancial Assets Nonfinancial Services Nonforfeiture Clause nonfreehold estates nonhomogeneic Noninsurance Risk Noninsured Plan Noninsured Plans Noninterest-Bearing Note Nonintermediated Debt Market nonjudicial foreclosure Nonlegal Investment Nonmailable Matter Nonmarginable Securities Nonmarketable Security Nonmarketed Claims Nonmember Bank Nonmember Firm Nonmonetary assets and liabilities Nonnegotiable Security Nonoperating Income Nonoperating Unit Nonpar Item Nonparallel Shift in the Yield Curve Nonparticipating Nonparticipating Life Insurance Policy Nonparticipating Preferred Stock Nonperforming Asset nonperforming loan Nonprice Competition Nonprobate Property Nonproductive Loan Nonprofit nonprofit corporation Nonprofit Organization			noninstitutionalized Noninsulin-dependent Diabetes Mellitus Noninsurance Risk Noninsurance Risks Noninsured Crop Disaster Assistance Program Noninsured Plan Noninsured plans nonintegrable system nonintegrated Nonintegrated Two-Stage Liquid nonintellectual nonintelligible crosstalk nonintentional occurrence noninteracting control Noninteractive noninterchangeable nonintercourse Nonintercourse Act Noninterest-bearing note Noninterest-bearing note Noninterest-Bearing Notes Noninterest-Bearing Notes noninterference noninterference noninterfering noninterfering separator noninterfering separator noninterfering separator nonintermeddling Nonintermediated Debt Market Nonintermediated Debt Markets noninterruption nonintersecting nonintervention nonintervention nonintervention Noninterventionism noninterventionist noninterventionist noninterventionist nonintrusion nonintrusive testing noninvasive noninvasive Noninvasive Ambulatory Blood Pressure Monitoring Noninvasive Assisted Ventilation of the Lungs Noninvasive Blood Pressure Noninvasive Geophysical Probing System Noninvasive Mask Ventilation of the Lung Noninvasive Measurement of Regional Cerebral Blood Flow Noninvasive Positive Pressure Ventilation Noninvasive Positive-Pressure Ventilation Noninvasive Pressure Preset Ventilation noninvasive ventilation noninvasive ventilation noninvasive ventilation noninvasive ventilation Noninvasive Ventilatory Support Noninvertible Maps noninverting amplifier

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