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Glite Dictionary
depository financial institution

depository financial institution

6.7
An organization that accepts people's money in accounts and lends or invests it
  • noun
  • /dɪˈpɒzɪtəri faɪˈnænʃəl ɪnˈstɪtjuːʃən/
  • Specialized
translation icon : institución financiera depositaria
  • A depository financial institution accepts deposits and provides loans to its customers.

Examples

  • Opening an account at a depository financial institution allows customers to safely store their money.

  • A depository financial institution can include commercial banks and savings institutions.

  • The government regulates every depository financial institution to ensure consumer protection.

  • A depository financial institution is essential for saving money safely.

  • Many people trust their depository financial institutions for loans.

  • People deposit their earnings in a depository financial institution for security and interest.

  • Most individuals rely on a depository financial institution to manage their savings.

Synonyms

bank
vsdepository financial institution
∞ 1.0

A place where people keep and borrow money

is specifically the organization that accepts public funds for lending and investment
financial institution
vsdepository financial institution
68 3.6

An organization that keeps people's money, gives loans, and offers other money services

is narrower, referring to those that take public money for loans or investments
banking company
vsdepository financial institution
1 2.8

A company that accepts people's money as deposits and lends it to others

is the general legal term for that deposit and lending function
depositary
vsdepository financial institution
  • Formal
1 8.1

A person, place, or group that keeps things safe for others

focuses on accepting public funds for lending and investment rather than safekeeping
thrift institution
vsdepository financial institution
  • Specialized
1 5.5

A bank or credit union that helps people save money and buy a home

focuses more broadly on taking funds and lending or investing them
mutual savings bank
vsdepository financial institution
  • Specialized
4.6

People who save money there own the bank

is the same deposit-taking organization defined by its ownership structure

Surface Forms

depository financial institution singular
depository financial institutions plural

Morphology

depository + financial + institution

The sense is directly compositional: 'depository' (a place where things are stored) + 'financial' (related to money) + 'institution' (an organization) yields an organization that holds/accepts money deposits and manages funds. This follows standard adjective+noun and compound patterns found cross-linguistically, so a B1 learner who knows the constituents can infer the meaning.

Etymology

Depository financial institution comes from a simple image: a depository is a safe place to put money and a financial institution is an organized place that looks after that money. So, it means a bank or similar place that 'accepts deposits' and 'lends' or 'invests' those funds.