financial institution

USAGE SUMMARY

'financial institution' is a correct and usable term in written English.
You can use it when referring to a business or organization that provides financial services or products. For example: "I will need to open a savings account at a financial institution."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

A specific financial institution for the area.

The New York Times

I was working in a financial institution.

The New York Times

Many financial institution boards remain unchanged.

The New York Times

"So has every other financial institution.

The New York Times

"But he established a transparent financial institution.

The New York Times - Magazine

Instead, the mortgage passed from financial institution to financial institution over the last 10 years.

The New York Times

Capital gives a financial institution the ability to withstand losses.

The New York Times

-- or any large international financial institution, for that matter.

The New York Times

"You have a complex, risk-laden financial institution.

The New York Times

"Instead they want one big one on a financial institution".

Independent

The reason is that financial institution stocks are performing dismally.

The New York Times

Expert writing Tips

Best practice

When writing about a specific type of "financial institution", be precise (e.g., credit union, investment bank) to ensure clarity.

Common error

Avoid using "financial institution" when a more specific term (e.g., "bank", "credit union") would be more appropriate and informative.

Linguistic Context

The phrase "financial institution" functions primarily as a noun phrase, acting as the subject or object of a sentence. It refers to an organization engaged in managing money. This aligns with Ludwig AI's assessment of the phrase's correctness and usability.

Expression frequency: Very common

Frequent in

News & Media

50%

Science

25%

Formal & Business

10%

Less common in

Encyclopedias

5%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

The term "financial institution" is a common and grammatically correct noun phrase used to describe organizations that manage money and provide financial services. Ludwig AI confirms its widespread usability. Its usage spans various contexts, from news and media to academic and business settings. While generally neutral in tone, specifying the type of "financial institution" is often best for clarity. Common examples include banks, credit unions, and investment firms. Be mindful of using overly broad terms, and always consider providing a specific "financial institution" if needed.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial services company

A broad term encompassing various companies offering financial products and services.

bank

A more general term referring to institutions that accept deposits and make loans.

credit union

A member-owned financial cooperative, providing banking services.

investment firm

A company that provides financial services and invests on behalf of clients.

lending institution

An organization that provides loans.

mortgage company

A company that specializes in originating and/or servicing mortgage loans.

savings and loan association

A financial institution that accepts savings deposits and provides home loans.

trust company

A company that manages trusts and estates.

brokerage firm

A company that executes trades on behalf of clients.

insurance company

An institution that provides financial protection against losses.

FAQs

How to use "financial institution" in a sentence?

You can use "financial institution" to refer to any organization that manages money, such as "I need to contact my "financial institution" to dispute a charge."

What can I say instead of "financial institution"?

Depending on the context, you can use alternatives like "bank", "credit union", or "investment firm".

Which is correct, "financial institution" or "banking institution"?

"Financial institution" is a broader term that includes "banking institution" as well as other types of financial service providers.

What's the difference between a "financial institution" and a "financial services company"?

A "financial services company" is a business that provides a wide range of financial products and services, while a ""financial institution"" specifically manages money, such as through deposits or loans.