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Financial Institution in United Kingdom

Financial institution in United Kingdom. Any institution that collects money and puts it into assets such as stocks, bonds, bank deposits, or loans is considered a financial institution. There are two types of financial institutions: depository institutions and nondepository institutions. Depository institutions, such as banks and credit unions, pay you interest on your deposits and use the deposits to make loans. Nondepository institutions, such as insurance companies in United Kingdom, brokerage firms in United Kingdom, and mutual fund companies in United Kingdom, sell financial products in United Kingdom. Common examples of financial institutions are retail banks in United Kingdom, which take deposits into safekeeping and use them to make loans to other customers in United Kingdom, and insurance companies in United Kingdom, which do not take deposits in United Kingdom, but provide guarantees of payment if a certain situation occurs in exchange for a premium. See also: Depository institution in United Kingdom, Non-depository institution in United Kingdom. Find Phone Numbers of Financial institution in United Kingdom, Mobile Numbers of Financial institution in United Kingdom, Addresses of Financial institution in United Kingdom, MAP of Lifestyle Store in United Kingdom, My Offers of Financial institution in United Kingdom, See Ratings & Reviews of Financial institution in United Kingdom, for Best Search of Financial institution in United Kingdom
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