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financial institution

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.02 sec.

financial institution

Business organization that has as its core business activity the management of money. Banks, building societies, and insurance and assurance companies are all examples of financial institutions.



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50 billion Banco Pactual, a Brazilian financial institution.
If a financial institution does not block and report a cross-border ACH transfer and another financial institution does, then it may face civil or even criminal penalties," Salaris said.
No legitimate financial institution will ever ask its customers to verify their account information online.
 
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