What does depository institution mean?

Definitions for depository institution
de·pos·i·to·ry in·sti·tu·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word depository institution.

Wikipedia

  1. Depository institution

    Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included.An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits.

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Numerology

  1. Chaldean Numerology

    The numerical value of depository institution in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of depository institution in Pythagorean Numerology is: 1

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"depository institution." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/depository+institution>.

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