financial institution

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Financial institution

An enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds, loans and mortgages, leases, and insurance policies.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Financial Institution

An organization, which may be either for-profit or non-profit, that takes money from clients and places it in any of a variety of investment vehicles for the benefit of both the client and the organization. Common examples of financial institutions are retail banks, which take deposits into safekeeping and use them to make loans to other customers, and insurance companies, which do not take deposits, but provide guarantees of payment if a certain situation occurs in exchange for a premium. See also: Depository institution, Non-depository institution.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Financial institution.

Any institution that collects money and puts it into assets such as stocks, bonds, bank deposits, or loans is considered a financial institution. There are two types of financial institutions: depository institutions and nondepository institutions.

Depository institutions, such as banks and credit unions, pay you interest on your deposits and use the deposits to make loans. Nondepository institutions, such as insurance companies, brokerage firms, and mutual fund companies, sell financial products.

Many financial institutions provide both depository and nondepository services.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

financial institution

an institution that acts primarily as a FINANCIAL INTERMEDIARY in channelling funds from LENDERS to BORROWERS (e.g. COMMERCIAL BANKS, BUILDING SOCIETIES), or from SAVERS to INVESTORS (e.g. PENSION FUNDS, INSURANCE COMPANIES). See FINANCIAL SYSTEM.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

financial institution

an institution that acts primarily as a FINANCIAL INTERMEDIARY in channelling funds from LENDERS to BORROWERS (e.g. COMMERCIAL BANKS, BUILDING SOCIETIES) or from SAVERS to INVESTORS (e.g. PENSION FUNDS, INSURANCE COMPANIES). See FINANCIAL SYSTEM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

financial institution

An organization that obtains money from deposits and earns money from loans.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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