Meaning of “financial institution” in the English Dictionary

business-english dictionary

"financial institution" in Business English

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financial institutionnoun [ C ]

uk us FINANCE, BANKING, INSURANCE

a company that provides financial services, for example, a bank, an insurance company, or an investment fund:

How do credit unions differ from banks and other financial institutions?

(Definition of “financial institution” from the Cambridge Business English Dictionary © Cambridge University Press)