financial institution

US /faɪˈnæn.ʃəl ɪn.stɪˈtuː.ʃən/
UK /faɪˈnæn.ʃəl ɪn.stɪˈtuː.ʃən/
"financial institution" picture
1.

an establishment that conducts financial transactions such as investments, loans, and deposits

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Banks are common types of financial institutions.
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Credit unions and investment firms are also considered financial institutions.
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bankcredit unioninvestment firmlending institution
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