financial institution

Definitions of financial institution
1

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

Synonyms:
financial organisation, financial organization
Types:
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giro
a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so
clearing house
a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
lending institution
a financial institution that makes loans
central bank
a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
foundation
an institution supported by an endowment
acquirer
the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
nondepository financial institution
a financial institution that funds their investment activities from the sale of securities or insurance
bank, banking company, banking concern, depository financial institution
a financial institution that accepts deposits and channels the money into lending activities
Federal Home Loan Bank System
the central credit system for thrift institutions
trust company, trust corporation
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
brokerage, brokerage firm, securities firm
a stock broker's business; charges a fee to act as intermediary between buyer and seller
insurance company, insurance firm, insurance underwriter, insurer, underwriter
a financial institution that sells insurance
pension fund
a financial institution that collects regular contributions from employers to provide retirement income for employees
fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies
credit union
a cooperative depository financial institution whose members can obtain loans from their combined savings
European Central Bank
the central bank of those members of the European Union who share a common currency
FRS, Fed, Federal Reserve, Federal Reserve System
the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies
Federal Reserve Bank, reserve bank
one of 12 regional banks that monitor and act as depositories for banks in their region
Bank of England
the central bank of England and Wales
Bundesbank
the central bank of Germany
Bank of Japan
the central bank of Japan
charity
a foundation created to promote the public good (not for assistance to any particular individuals)
agent bank
a bank that acts as an agent for a foreign bank
commercial bank, full service bank
a financial institution that accepts demand deposits and makes loans and provides other services for the public
state bank
a bank chartered by a state rather than by the federal government
agent bank, lead bank
a bank named by a lending syndicate of several banks to protect their interests
member bank
a bank that is a member of the Federal Reserve System
acquirer, merchant bank
a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
acquirer
a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
finance company
a financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses
thrift institution
a depository financial institution intended to encourage personal savings and home buying
Home Loan Bank
one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region
Type of:
establishment, institution
an organization founded and united for a specific purpose

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