Meaning of the word "financial product" in English
What does "financial product" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
financial product
US /faɪˈnæn.ʃəl ˈprɑː.dʌkt/
UK /faɪˈnæn.ʃəl ˈprɑː.dʌkt/
Noun
1.
a service or investment offered by a financial institution, such as a bank or insurance company, to help individuals or organizations manage their money, save, invest, or borrow funds
Example:
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Before investing, it's important to understand the risks associated with each financial product.
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Banks offer a wide range of financial products, including loans, savings accounts, and credit cards.
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