financial institution


: a company that deals with money (as a bank, savings and loan, credit union, etc.)
You can get a loan at a financial institution.

Examples of financial institution in a Sentence

Recent Examples on the Web The financial institution recently announced the launch of Chosen First Name, a feature that offers customers the option to use a first name that is different from their legal or given name on their online accounts and cards. Jasmine Browley, Essence, 3 July 2024 Ultimately, Musk wants X to become the largest financial institution in the world. Ashley Belanger, Ars Technica, 18 June 2024 The financial institution said the affected workers were not unionized and won't be offered positions elsewhere in the company. Alexander Coolidge, The Enquirer, 24 May 2024 Murray: Oldest financial institution in the United States, started by Alexander Hamilton. Ryan Hogg, Fortune, 12 June 2024 If convicted, Cox faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for wire fraud and money laundering, 30 years in prison and a $1-million fine for wire fraud affecting a financial institution, and five years in prison and a $250,000 fine for campaign contribution fraud. Hailey Branson-Potts, Los Angeles Times, 17 May 2024 Cox, 60, previously pleaded not guilty to 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud, and one count of campaign contribution fraud. Hailey Branson-Potts, Los Angeles Times, 17 May 2024 Be sure to contact the issuing financial institution to add a travel notification. Janelle Holland, Kansas City Star, 15 May 2024 Jose Prado-Valero, 35, will serve 33 months in federal prison after pleading guilty to financial institution fraud. Jade Thomas, The Indianapolis Star, 15 May 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'financial institution.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Financial institution.” Dictionary, Merriam-Webster, Accessed 16 Jul. 2024.

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