financial institution

noun

  • Banking and Finance

Definitions of financial institution

  • an organisation, typically a bank, trust company or credit union, that deals with money, specifcially by holding it, lending it and investing it

    Financial institutions make money by charging interest, fees or service charges on financial services such as loans.

Phrase Bank for financial institution

  • The Financial Supervisory Authority regulates the behaviour of financial institutions.

  • A bank is a financial institution.

  • The financial institutions must answer for the latest downturn in the economy.