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DEPOSITORY FINANCIAL INSTITUTION

Pronunciation (US):

Dictionary entry overview: What does depository financial institution mean?

• DEPOSITORY FINANCIAL INSTITUTION (noun)
The noun DEPOSITORY FINANCIAL INSTITUTION has 1 sense:

1. a financial institution that accepts deposits and channels the money into lending activities

Familiarity information: DEPOSITORY FINANCIAL INSTITUTION used as a noun is very rare.

Dictionary entry details

• DEPOSITORY FINANCIAL INSTITUTION (noun)

Sense 1

depository financial institution ^{[BACK TO TOP]}

Meaning:

A financial institution that accepts deposits and channels the money into lending activities

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

bank; banking company; banking concern; depository financial institution

Context examples:

he cashed a check at the bank / that bank holds the mortgage on my home

Hypernyms ("depository financial institution" is a kind of...):

financial institution; financial organisation; financial organization (an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets)

Hyponyms (each of the following is a kind of "depository financial institution"):

Home Loan Bank (one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region)

thrift institution (a depository financial institution intended to encourage personal savings and home buying)

acquirer (a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock)

acquirer; merchant bank (a credit card processing bank; merchants receive credit for credit card receipts less a processing fee)

member bank (a bank that is a member of the Federal Reserve System)

agent bank; lead bank (a bank named by a lending syndicate of several banks to protect their interests)

state bank (a bank chartered by a state rather than by the federal government)

commercial bank; full service bank (a financial institution that accepts demand deposits and makes loans and provides other services for the public)

agent bank (a bank that acts as an agent for a foreign bank)

Federal Reserve Bank; reserve bank (one of 12 regional banks that monitor and act as depositories for banks in their region)

credit union (a cooperative depository financial institution whose members can obtain loans from their combined savings)

Holonyms ("depository financial institution" is a member of...):

banking industry; banking system (banks collectively)

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