Financial institution

in #whalepower7 years ago

These are business organization that acts as intermediaries between the operators in tithe financial market to channel the surpluse funds from one end to the other end with deficit. In other words, they bring together the borrowers and the lenders who may or may not know each other. The institution can be variously describe as banks, insurance companies, issuing houses and brokerage houses while the tenors of transactions can be short, medium or long. You