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a deposit-taking institution that is licensed by the monetary authorities of a country (the BANK OF ENGLAND in the UK) to act as a repository for money deposited by persons, companies and institutions, and which undertakes to repay such deposits either immediately on demand (CURRENT ACCOUNT 2) or subject to due notice being given (DEPOSIT ACCOUNTS). This is a list of credit unions in the United States, in which mostly notable credit unions and related organizations are included. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Industry Examples. Common types of examples within SIC Code 6141 - Personal Credit Institutions are: Automobile loans (may include automobile insurance) Consumer finance companies.

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10. Credit institution synonyms, Credit institution pronunciation, Credit institution translation, English dictionary definition of Credit institution. n. 1. A piled-up mass, as of snow or clouds; a heap: a bank of thunderclouds. 2. Examples: bank of ants; of books, 1577; of clouds, 1626; of electric lights; of fog, 1848; of hill ants, The Credit Institutions section contains information on registrations and licences of credit institutions, as of 1 March 2018, together with data on individuals accredited as receivers in cases of credit institution bankruptcies, as of 14 March 2018.

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Example sentences with "credit institution", translation memory. Eurlex2018q4. For these tail credit institutions, simplified reserve base statistics shall be used for the three reserve maintenance periods.

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Credit institution example

wholesale cash markets and securities markets). For example, imagine someone owes their credit card company a total of $1,000 but returns one purchase worth $300 to the store. The return will be recorded as a credit on the account, reducing the (i) An undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account; or (ii) an undertaking or any other legal person, other than those under (i), which issues means of payment in the form of electronic money. Search credit institution and thousands of other words in English definition and synonym dictionary from Reverso.

· Retail and Commercial Banks: Retail banks offer products to retail  Banks, credit unions and other financial institutions in New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania, Australian Capital  conjunction with other resolution powers (for example, removal of problem assets , replacement of senior management and adoption of a new business plan) to  2 Jul 2002 Financial institutions covered by the Gramm-Leach-Bliley Act must tell For example, if an individual uses the ATM at a bank where she does  30 Mar 2020 In today's competitive banking environment, your financial institution is For example, when a customer or member enters a branch to deposit  29 Oct 2020 Financial Institutions India The Reserve Bank of India is the official Central Banking Authority for the smooth supervision of the banking industry  A non-deposit institution is an institution that can offer some services, such as a mortgage, but cannot accept deposits. Now, examples of this would be things like a  The main objectives of development financial institutions (DFIs) are to promote Examples: – Bank Simpanan Nasional – Bank Rakyat – Tabung Haji  It is important to dispute inaccurate information with both the consumer reporting company that created the report and the financial institution that provided the  What Are the 9 Major Types of Financial Institution? Central Banks. Central banks are the financial institutions responsible for the oversight and management of all other banks. In the United States, the Retail and Commercial Banks.
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Not all lines of credit are alike.
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A ‘credit institution’ is defined in the Capital Requirements Regulation (CRR) as ‘an undertaking the business of which is to take deposits or other repayable funds from the public and to grant credits for its own account’. Definitions. A credit institution is an undertaking which conducts at least one of the banking businesses described in detail in section 1 (1) of the German Banking Act (Kreditwesengesetz) commercially or on a scale which requires commercially organised business operations. 2021-03-16 · How Does Credit Work? Credit cards and home equity lines are examples of credit. Your bar tab is another form of credit. Not all lines of credit are alike.