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DEPOSITORY FINANCIAL INSTITUTION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A financial institution that accepts deposits and channels the money into lending activities
Example:
that bank holds the mortgage on my home
Synonyms:
bank; banking company; banking concern; depository financial institution
Classified under:
Nouns denoting groupings of people or objects
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"):
credit union (a cooperative depository financial institution whose members can obtain loans from their combined savings)
Federal Reserve Bank; reserve bank (one of 12 regional banks that monitor and act as depositories for banks in their region)
agent bank (a bank that acts as an agent for a foreign bank)
commercial bank; full service bank (a financial institution that accepts demand deposits and makes loans and provides other services for the public)
state bank (a bank chartered by a state rather than by the federal government)
agent bank; lead bank (a bank named by a lending syndicate of several banks to protect their interests)
member bank (a bank that is a member of the Federal Reserve System)
acquirer; merchant bank (a credit card processing bank; merchants receive credit for credit card receipts less a processing fee)
acquirer (a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock)
thrift institution (a depository financial institution intended to encourage personal savings and home buying)
Home Loan Bank (one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region)
Holonyms ("depository financial institution" is a member of...):
banking industry; banking system (banks collectively)
