Banking Institution
/ˈbæŋkɪŋ ɪnˌstɪˈtjuːʃən/
Definitions
- (n.) An organization legally authorized to accept deposits, provide loans, and offer financial services.
The banking institution was regulated under federal law for its lending practices.
Forms
- banking institution
- banking institutions
Related terms
See also
Commentary
The term specifically denotes entities engaged in banking activities under regulatory frameworks; usage should distinguish from broader 'financial institutions'.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.