financial institution

noun
UK: /faɪˌnænʃəl ˌɪnstɪˈtjuːʃən/
US: /faɪˌnænʃəl ˌɪnstɪˈtuːʃən/

  1. A company that deals with money, like a bank.

    1. A bank is a type of financial institution that keeps your money safe.
    2. The government regulates each financial institution to ensure they operate responsibly.

  2. An organization that provides financial services to customers or members.

    1. Our local credit union is a reliable financial institution for loans.
    2. Many people trust their long-term savings with a reputable financial institution.

Synonyms

bank credit union building society investment company

Frequently Asked Questions

The word "financial institution" in English means: A company that deals with money, like a bank., An organization that provides financial services to customers or members..

The phonetic transcription of "financial institution" is /faɪˌnænʃəl ˌɪnstɪˈtjuːʃən/ in British English and /faɪˌnænʃəl ˌɪnstɪˈtuːʃən/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "financial institution": bank, credit union, building society, investment company.

Example usage of "financial institution": "A bank is a type of financial institution that keeps your money safe.". More examples on the page.