deposit-taking institution
- deposit-taking institution
/dɪˌpɒzɪt ˌteɪkɪŋ ˌɪnstɪ'tju:ʃ(ə)n/, depository institution /dɪˌpɒzɪt(ə)ri ˌɪnstɪ'tju:ʃ(ə)n/ noun
an institution such as a building society, bank or friendly society, which is licensed to receive money on deposit from private individuals and to pay interest on it
Dictionary of banking and finance.
2015.
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