What is another word for lending institution?
Pronunciation: [lˈɛndɪŋ ˌɪnstɪtjˈuːʃən] (IPA) 
A lending institution is an organization that offers credit to people, businesses, or governments. There are several synonyms for this term, including financial institution, lender, bank, and loan provider. Financial institutions can be classified into different types, including commercial banks, credit unions, thrift institutions, and investment banks. Lenders are entities that extend credit to borrowers based on a set of terms and conditions. Banks are institutions that hold deposits and make loans, while loan providers are businesses that specialize in lending money. Regardless of the term used, all lending institutions play a significant role in the economy by providing the necessary funds to spur economic growth.
