financial intermediary
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Financial Intermediary
A financial institution that stands between counterparties in a transaction. For example, in the sale of a house, a bank usually serves as a financial intermediary by providing a mortgage to the homebuyer. In some non-traditional transactions, a bank may buy a product, such as corn, and immediately re-sell it for a profit to a third party. Most transactions requiring a loan to one of the parties include financial intermediaries. See also: Murabaha.
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financial intermediary
A financial institution such as a commercial bank or thrift that facilitates the flow of funds from savers to borrowers. Financial intermediaries profit from the spread between the amount they pay for the funds and the rate they charge for the funds. Also called intermediary. See also intermediation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
financial intermediary
an organization that operates in financial markets linking LENDERS and BORROWERS or SAVERS and INVESTORS. See FINANCIAL SYSTEM, COMMERCIAL BANK, SAVINGS BANK, BUILDING SOCIETY, PENSION FUND, INSURANCE COMPANY, UNIT TRUST, INVESTMENT TRUST COMPANY, INTERMEDIATION.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
financial intermediary
an organization that operates in financial markets, linking LENDERS and BORROWERS or SAVERS and INVESTORS. See FINANCIAL SYSTEM, COMMERCIAL BANK, SAVINGS BANK, BUILDING SOCIETY, PENSION FUND, INSURANCE COMPANY, UNIT TRUST, INVESTMENT TRUST COMPANY, INTERMEDIATION.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005