financial institution

financial institution definition - business

financial institution

An organization that invests chiefly in financial assets such as loans and securities rather than in tangible assets. Financial institutions include banks, trust companies, consumer finance companies, savings and loans, credit unions, pension funds, insurance companies, and mutual funds.

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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