depository institution

Definition of "depository institution"
  1. A financing entity like a bank, credit union, or savings and loan association where people deposit money
How to use "depository institution" in a sentence
  1. The family's savings were safely stored in a local depository institution.
  2. He applied for a loan from the depository institution downtown.
  3. Check your balance online to manage your funds at the depository institution.

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