depository financial institution Antonyms
No Synonyms and anytonyms found
Meaning of depository financial institution
depository financial institution (n)
a financial institution that accepts deposits and channels the money into lending activities
FAQs About the word depository financial institution
a financial institution that accepts deposits and channels the money into lending activities
No synonyms found.
No antonyms found.
A credit union is a type of depository financial institution that provides financial services to its members.
Customers trust a bank as a depository financial institution to safeguard their money and provide various banking services.
Savings and loan associations are another form of depository financial institution that specializes in providing home mortgage loans.
The Federal Deposit Insurance Corporation (FDIC) ensures that depositors' funds are protected in depository financial institutions up to a certain limit.
