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financial institution

From Longman Dictionary of Contemporary English
Related topics: Banking
financial institutionfiˌnancial instiˈtution noun [countable] technical  BFBa business organization that lends and borrows money, for example a bank All the big financial institutions cut their interest rates today.
From Longman Business Dictionaryfinancial institutionfiˈnancial instiˌtution [countable]FINANCEBANKING an organization such as a bank where people, companies, or governments put their money, which it invests to produce a profitThere was some buying of shares by investment funds and financial institutions. institution
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