depository institution definition

depository institution

Bank, building society, credit union, or other financial institution that solicits and accepts savings of the general public as demand deposits or time deposits, and pays a fixed or variable rate of interest. Also called savings association, savings institution and thrift institution.

depository institution is in the Banking, Commerce & Finance and Investing subjects.

depository institution appears in the definitions of the following terms: reserves requirement, bank examination, lending institution, deposit insurance, certificate of deposit (CD), savings account, reserve requirements, deposit rate, savings liability, trust bank and

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