Lending Institution
/ˈlɛndɪŋ ˌɪnstɪˈtjuːʃən/
Definitions
- (n.) A financial entity authorized to provide loans or credit to individuals or businesses, such as banks or credit unions.
The lending institution approved her mortgage application after evaluating her creditworthiness.
Forms
- lending institution
- lending institutions
Related terms
See also
Commentary
The term broadly covers any entity legally empowered to extend credit, frequently governed by banking or financial regulations.
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.