Depository Institution
/dɪˈpɒzɪtɔːri ˌɪnstɪˈtjuːʃən/
Definitions
- (n.) A financial institution legally authorized to accept deposits from the public and provide lending and other financial services.
A depository institution must comply with federal regulations governing customer deposits.
Forms
- depository institution
- depository institutions
Related terms
See also
Commentary
Generally refers to entities regulated under banking laws; distinctions among banks, credit unions, and savings associations often hinge on charter and regulatory framework.
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.