Meaning of the word "financial institution" in English
What does "financial institution" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
financial institution
US /faɪˈnæn.ʃəl ɪn.stɪˈtuː.ʃən/
UK /faɪˈnæn.ʃəl ɪn.stɪˈtuː.ʃən/
Noun
1.
an establishment that conducts financial transactions such as investments, loans, and deposits
Example:
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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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