[ dɪpˈɒsɪtəɹˌi fa͡ɪnˈanʃə͡l ˌɪnstɪtjˈuːʃən], [ dɪpˈɒsɪtəɹˌi faɪnˈanʃəl ˌɪnstɪtjˈuːʃən], [ d_ɪ_p_ˈɒ_s_ɪ_t_ə_ɹ_ˌi f_aɪ_n_ˈa_n_ʃ_əl ˌɪ_n_s_t_ɪ_t_j_ˈuː_ʃ_ə_n]
How to use "Depository financial institution" in context?
Depository financial institutions are usually banks or other financial institutions that hold the securities of issuers other than the bank itself. This may be done either on the firm's own account or on behalf of the bank's customers. The securities are usually deposited with the depository institution, which is then responsible for making them available to the public.
Word of the Day
- work, pull one's weight.