Definitions for financial institution
fi·nan·cial in·sti·tu·tion

Princeton's WordNetRate this definition:4.5 / 2 votes

1. financial institution, financial organization, financial organisationnoun

   an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets

WikipediaRate this definition:5.0 / 2 votes

1. Financial institution

   Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions: Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; Contractual institutions – insurance companies and pension funds Investment institutions – investment banks, underwriters, brokerage firms.

ChatGPTRate this definition:0.0 / 0 votes

1. financial institution

   A financial institution is a company or organization engaged in the business of dealing with financial and monetary transactions, including deposits, loans, investments, asset management, brokerage services, insurance, and other related services. These institutions can include banks, credit unions, insurance companies, brokerage firms, investment dealers, and non-bank financial institutions. They play a crucial role in the economy by facilitating transactions, providing financial security, and enabling individuals and businesses to invest, save, and grow their wealth.

WikidataRate this definition:3.0 / 2 votes

1. Financial institution

   In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government. Broadly speaking, there are three major types of financial institutions: ⁕Depositary Institutions : Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies ⁕Contractual Institutions : Insurance companies and pension funds; and ⁕Investment Institutes : Investment Banks, underwriters, brokerage firms. Some experts see a tendency of global homogenisation of financial institutions, which means that institutions tend to invest in similar areas and have similar investment strategies. The reason for this tendency sees economist Jayati Gosh in financial deregulation. Consequences might be that there will be no banks that serve specific target groups and e.g. small scale producers are left behind.

Matched Categories

1. • Institution

How to pronounce financial institution?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say financial institution in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of financial institution in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of financial institution in Pythagorean Numerology is: 5

Examples of financial institution in a Sentence

1. Ravi Menon:

   It is neither realistic nor desirable to expect the MAS to police every single transaction or activity in our financial markets, the responsibility lies with every FI (financial institution) to instil high standards of risk management and proper conduct at all levels.

2. Brian Wise:

   By shutting down the bank accounts of these legally operating businesses, what they're actually doing is forcing these businesses to deal solely in cash, which is completely opposite of what they have said their intention is, it's a whole lot easier to launder money with cash than having to go through a financial institution.

3. Koichi Hagiuda:

   If it( AIIB) becomes a proper financial institution for the sake of Asia, there is no reason to be embarrassed about joining later.

4. Jesica Andrews:

   In the last two years we’ve just seen an incredible explosion of net-zero commitments, this is really the first time we’ve done a state of the art assessment and put forward really concrete recommendations on how a financial institution, specifically, sets a net-zero target that is credible.

5. Brian Wise:

   It's a whole lot easier to launder money with cash than having to go through a financial institution.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=financial institution
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Financial_Institution
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=financial institution