A financial body or financial institution brings together banks, municipal credit unions (public bodies), companies and financial institutions as well as payment establishments.
Unlike banking institutions which also have a role of deposit bank, a financial organization simply grants financing: real estate credit, consumer credit (revolving credit, personal credit), loan repurchase, car loan, to individuals but it also offers loans to businesses. A financial organization must respect the legislation in force as well as the key rate of the Bank of United States.
Other definitions of the lexicon starting with the letter O:
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