Financial Institutions Terminology

noun a place where things are stored or deposited, such as a bank or warehouse

• The bank serves as a depository for customers' funds.
• I'll just drop off the cash at the depository on my way home.
• Let's stash the goods in the depository until we can move them.
• Her mind is a depository of knowledge on the subject.

noun a financial institution that accepts savings deposits and makes mortgage loans

• The savings and loan association offers competitive interest rates for depositors.
• I opened a savings account at the savings and loan association down the street.
• I'm thinking of stashing my cash in the savings and loan association instead of a big bank.
• Joining the savings and loan association felt like joining a community of savers and borrowers.

noun a company that acts as a fiduciary, trustee, or agent for individuals or businesses in the management of assets, estates, or investments

• The trust company manages assets on behalf of clients and ensures they are invested wisely.
• My friend works at a trust company and helps people with their financial planning.
• I heard the trust company is where all the big shots go to grow their money.
• In a way, a trust company is like a financial guardian, guiding your investments and protecting your wealth.

noun a financial institution that specializes in accepting bills of exchange and promissory notes in order to facilitate international trade

• The acceptance house provided a safe and supportive environment for individuals in recovery.
• I heard that the acceptance house is a great place to get help for addiction.
• The acceptance house is like a home away from home for those struggling with substance abuse.
• To me, the acceptance house represents a beacon of hope for those seeking a fresh start.