financial institution - Definition from the BANKING topic - BUSINESS

Topic: BANKING

financial institution
noun

financial institution [countable] technical

BFB a business organization that lends and borrows money, for example a bank:

Look up a word starting with D or S for samples of headword or sentence pronunciations on the LDOCE CD-ROM

All the big financial institutions cut their interest rates today.

Definition of financial institution from the Longman Dictionary of Contemporary English within
the topic BANKING

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ATM balance bank(n) bank(v) bank account bank balance bank card bank draft banker bank manager banknote bounce building society card cardholder cash card cashier cash machine central bank charge card checkbook checking account clear clearance clearing house credit cross current account debit(n) debit(v) debit card denomination deposit deposit account depositor direct debit direct deposit draft draw financial institution FX giro hole-in-the-wall money market money order negotiable non-negotiable overdraft payee PIN postdate safety-deposit box save saver savings account savings bank smart card standing order stub Switch card teller

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