We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Financial Institution

A business that gets money from the public and puts it in accounts, bonds, and loans, while also offering different financial services. There are lots of rules for opening one of these; you can't just open the next bank and hope people will drop off their cash at your offices.

Find other enlightening terms in Shmoop Finance Genius Bar(f)