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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

financial institution  

Definition 1.

Institution which collects funds from the public and places them in financial assets, such as deposits, loans, and bonds, rather than tangible property.
 

Definition 2.

An enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds.
 
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