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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As at July 31, 2019, the aggregate assets of the Latvian monetary financial institutions stood at EUR 21.452 billion, up 3.7 percent or EUR 0.756 billion from the end of July 2018 when their aggregate assets were worth EUR 20.696 billion.
They submitted that Section 15 of Financial Institutions (Recovery of Finances) Ordinance 2001, had been declared ultra vires of the constitution by the Supreme Court and the LHC through two different judgments.
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Leach established and executed national marketing strategies for financial institutions, managed the underwriting staff across financial services, and significantly expanded the company's financial institutions business.
According to the circular from the central bank, 'Before sending the first notice to the mortgagor under sub-section (2) of section 1S of the Ordinance, the financial institution, in order to get the outstanding mortgage money determined, shall forward the case to a chartered accountant firm.
IFRS 9, designed in the aftermath of the 2007/2008 financial crisis by the International Financial Reporting Board, seeks to ensure that financial institutions prudently recognise and account for financial risks.
In her new role, Goesel will be based in Chicago and will be responsible for leading the Financial Institutions underwriting practice, including Asset Managers, Banks, Insurance Companies, Private Equity and Venture Capitalist.
Headquartered in Little Rock, Arkansas, Infusion uses data analysis and proprietary industry normative data to create and execute omni-channel marketing campaigns that generate strategic growth for financial institutions. The Infusion ProfitGenerator[R] process and corresponding campaigns are used to grow deposits, loans and transactional fee income at small and regional banks and credit unions.
The Bank and financial institutions will start it public dealing from tomorrow here on Tuesday.

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