depository financial institution (Meaning)
depository financial institution (n)
a financial institution that accepts deposits and channels the money into lending activities
Synonyms & Antonyms of depository financial institution
No Synonyms and anytonyms found
depository financial institution Sentence Examples
- 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.
- The depository financial institution offers various interest rates on savings accounts, certificates of deposit, and other investment products.
- Many people rely on their local credit union as their primary depository financial institution for their banking needs.
- Mutual savings banks are traditional depository financial institutions that offer savings accounts and mortgage loans to customers.
- As a depository financial institution, the bank provides a range of services, including checking accounts, loans, and investment products.
- Customers can access their accounts and perform transactions at ATMs provided by the depository financial institution.
- The depository financial institution plays a crucial role in the economy by providing essential financial services to individuals and businesses.
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.
