Glossary

Financial Institution

Any public or private bank, credit union, or savings and loan, subject to national and state banking laws, and capable of both accepting deposits and making loans. These institutions collect funds from the public or other institutions, and invest them in financial assets.

Related Terms

  • Previously Used Routing Number

    A routing number that was once the primary routing number for an institution and since replaced, but still accepted for payments.

    Learn more

  • BIS Denied Person list

    The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce is responsible for the regulation of exports for national security, foreign policy, and nonproliferation reasons, as well as the enforcement of those...

    Learn more

Ready to start reducing your returns and ensure compliance?