credit institution

What is credit institution?

credit institution definition and meaning on Finance terms:
Any institution that is either (i) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account, or (ii) an undertaking or any other legal person, other than those under (i), which issues means of payment in the form of electronic money. See also
electronic money<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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