depository financial institution

Questions about depository financial institution

What does depository financial institution mean?

depository financial institution means "a financial institution that accepts deposits and channels the money into lending activities".

What is another word for depository financial institution?

Close synonyms include bank, banking concern, banking company. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is depository financial institution a common word?

depository financial institution is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.