Credit Institution
/ˈkrɛdɪt ˌɪnstɪˈtjuːʃən/
Definitions
- (n.) A financial entity authorized to accept deposits, grant credit, and provide related services in accordance with banking regulations.
The credit institution approved the loan application after evaluating the applicant's financial history.
Forms
- credit institution
- credit institutions
Related terms
See also
Commentary
In legal drafting, defining a credit institution often involves referencing relevant banking laws to specify the entity's authorized financial activities and regulatory compliance.
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.