- financial institution
Under Title 11 U.S.C. Section 101:(22) The term "financial institution" means—(A) a Federal reserve bank, or an entity that is a commercial or savings bank, industrial savings bank, savings and loan association, trust company, federally-insured credit union, or receiver, liquidating agent, or conservator for such entity and, when any such Federal reserve bank, receiver, liquidating agent, conservator or entity is acting as agent or custodian for a customer (whether or not a "customer", as defined in section 741) in connection with a securities contract (as defined in section 741) such customer; or(B) in connection with a securities contract (as defined in section 741) an investment company registered under the Investment Company Act of 1940.
United Glossary of Bankruptcy Terms 2012.
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financial institution — n. A business that deals in money, such as a bank or trust company, a thrift institution, a currency exchange, a securities trading company, a credit card company, an insurance company, etc. The Essential Law Dictionary. Sphinx Publishing, An… … Law dictionary
Financial institution — An ISO term. An organisation primarily established to offer and perform services specifically related to the provision of financial [monetary] services … International financial encyclopaedia
financial institution — An enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds. Bloomberg Financial Dictionary * * * financial institution financial institution ➔… … Financial and business terms
financial institution — noun an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets • Syn: ↑financial organization, ↑financial organisation • Hypernyms: ↑institution, ↑establishment • Hyponyms … Useful english dictionary
Financial institution — In financial economics, a financial institution acts as an agent that provides financial services for its clients or members. Financial institutions generally fall under financial regulation from a government authority. Common types of financial… … Wikipedia
Financial Institution - FI — An establishment that focuses on dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment … Investment dictionary
financial institution — Any organization whose core activity is to provide financial services or advice in relation to financial products. Financial institutions include state bodies, such as central banks, and private companies, such as banks, building societies, and… … Accounting dictionary
financial institution — An organization whose core activity is to provide financial services or advice in relation to financial products. Financial institutions include state bodies, such as central banks, and private companies, such as banks, savings and loan… … Big dictionary of business and management
financial institution — fi.nancial insti tution n technical a business organization that lends and borrows money, for example a bank ▪ All the big financial institutions cut their interest rates today … Dictionary of contemporary English
financial institution — noun (C) technical a business organization that lends and borrows money, for example a bank: All the big financial institutions cut their interest rates today … Longman dictionary of contemporary English