depository institution

depository institution definition - business

depository institution

A financial institution that makes loans and obtains most of its funds from deposits made by the public. Examples include commercial banks, credit unions, savings banks, and savings and loan associations.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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