financial institution JUST WRITTEN FOR YOU
/ˌfɪnænʃəl ɪnstɪˈtjuʃən/ · fin.an.cial.in.sti.tu.tion
noun
- An organization that provides financial services, such as banking, lending, and investment services. The financial institution helped the small business owner secure a loan to expand her operations.
- A government agency or department responsible for regulating and overseeing financial activities. The financial institution was tasked with investigating the company's financial irregularities.
Synonyms
bankcredit unioninvestment firminsurance companylending institutionfinancial services companybanking institutioncredit institution
Antonyms
Did you know? The term 'financial institution' is often used interchangeably with 'bank', but it can also refer to other types of organizations that provide financial services, such as credit unions and investment firms.