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FINANCIAL INSTITUTION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
An institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
Synonyms:
financial institution; financial organisation; financial organization
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("financial institution" is a kind of...):
establishment; institution (an organization founded and united for a specific purpose)
Hyponyms (each of the following is a kind of "financial institution"):
giro (a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so)
clearing house (a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted)
lending institution (a financial institution that makes loans)
central bank (a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government)
foundation (an institution supported by an endowment)
acquirer (the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card)
nondepository financial institution (a financial institution that funds their investment activities from the sale of securities or insurance)
bank; banking company; banking concern; depository financial institution (a financial institution that accepts deposits and channels the money into lending activities)
Federal Home Loan Bank System (the central credit system for thrift institutions)
trust company; trust corporation (an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services)
