depository financial institution meaning

Definition of depository financial institution

1. a financial institution that accepts deposits and channels the money into lending activities
   • he cashed a check at the bank
   • that bank holds the mortgage on my home

   Synonyms: bank, banking concern, banking company

   Type of: financial institution

   Kinds: credit union, Federal Reserve Bank, agent bank, commercial bank, state bank, lead bank, member bank, merchant bank, acquirer, thrift institution, Home Loan Bank

How to pronounce depository financial institution

depository financial institution is pronounced /dɪˈpɑzətɔri fəˈnænʃəl ˌɪnstɪˈtuʃən/ in American English. It has 12 syllables.