Financial Organization (Noun)
Meaning
An institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets.
Classification
Nouns denoting groupings of people or objects.
Examples
- The government partnered with a reputable financial organization to manage the pension funds of its employees.
- A financial organization with a long history of stability and security was chosen to oversee the university's endowment.
- The central bank established a new financial organization to facilitate the development of a mortgage market in the country.
- Local investors can deposit their savings with a financial organization that specializes in underwriting small business loans.
- A group of chartered accountants pooled their resources to start a financial organization that provided microcredit to low-income farmers.