What does depository financial institution mean?
Definitions for depository financial institution
de·pos·i·to·ry fi·nan·cial in·sti·tu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word depository financial institution.
Princeton's WordNet
depository financial institution, bank, banking concern, banking companynoun
a financial institution that accepts deposits and channels the money into lending activities
"he cashed a check at the bank"; "that bank holds the mortgage on my home"
ChatGPT
depository financial institution
A depository financial institution is a type of financial institution that accepts and manages deposits from individuals and entities, and uses these funds to lend or invest. These institutions play an essential role in the nation's financial system by supplying liquidity to customers in the form of loans or credit. Examples include commercial banks, savings and loan associations, credit unions, and mutual savings banks.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of depository financial institution in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of depository financial institution in Pythagorean Numerology is: 7
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"depository financial institution." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/depository+financial+institution>.
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