depository institution

depository institution
A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Bloomberg Financial Dictionary

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depository institution depository institution institution

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depository institution UK US noun [C] FINANCE
a bank or other financial organization that takes money from customers and pays interest on that money while it is kept in the bank: »

The company operated as a federally regulated depository institution.

Financial and business terms. 2012.

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Look at other dictionaries:

  • depository institution — USA A financial institution (for example, a savings bank or commercial bank) that is legally permitted to solicit and accept monetary deposits from the general public. See also direct claim Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Depository institution — A depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers. Federal… …   Wikipedia

  • insured depository institution — Under Title 11 U.S.C. Section 101: (35) The term insured depository institution (A) has the meaning given it in section 3(c)(2) of the Federal Deposit Insurance Act; and (B) includes an insured credit union (except in the case of paragraphs (23)… …   Glossary of Bankruptcy

  • institution — in‧sti‧tu‧tion [ˌɪnstˈtjuːʆn ǁ ˈtuː ] noun 1. [countable] a large important organization: • Japanese institutions are steadily increasing their presence in Europe. • the Royal Institution of Chartered Surveyors deˈpository instiˌtution… …   Financial and business terms

  • institution-affiliated party — Under Title 11 U.S.C. Section 101: (33) The term institution affiliated party (A) with respect to an insured depository institution (as defined in section 3(c)(2) of the Federal Deposit Insurance Act), has the meaning given it in section 3(u) of… …   Glossary of Bankruptcy

  • Depository — On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes. More specifically, it can refer to a company, bank or an institution that holds and facilitates the exchange of… …   Investment dictionary

  • depository — Institution responsible for safekeeping securities and ensuring that the decisions made by fund managers are lawful. A depository can delegate some of its functions, notably the safekeeping function, on a contractual basis to another institution… …   Financial and business terms

  • depository — de·pos·i·to·ry /di pä zə ˌtōr ē/ n pl ries 1: a place where something is deposited esp. for safekeeping night depository; specif: a bank chosen for the depositing of government funds 2: depositary Merri …   Law dictionary

  • Depository participant — In India, a Depository Participant (DP) is described as an agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between …   Wikipedia

  • depository financial institution — noun a financial institution that accepts deposits and channels the money into lending activities he cashed a check at the bank that bank holds the mortgage on my home • Syn: ↑bank, ↑banking concern, ↑banking company • Derivationally related… …   Useful english dictionary

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