Definition of financial intermediary in English:
An institution, such as a bank, building society, or unit-trust company, that holds funds from lenders in order to make loans to borrowers.
- To do this, it enters into a forward contract with a financial intermediary (usually a commercial bank) which now assumes the foreign exchange risk for a commission.
- This refusal will make their notes less liquid and therefore discourage financial intermediaries from making these loans in the first place.
- In a natural system of money production, banks would grant credit only as financial intermediaries.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia