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
-
Safe Harbor
Under SEC rules, safe-harbor provisions protect management from liability for making financial projections and forecasts made in good faith.
-
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.
