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financial institution vs banking company

banking company vs financial institution

financial institution and banking company both are nouns.

Word NounAdjectiveVerbAdverb
financial institution Yes No No No
banking company Yes No No No
As nouns, banking company is a hyponym of financial institution; that is, banking company is a word with a more specific, narrower meaning than financial institution:
  • financial institution: an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
  • banking company: a financial institution that accepts deposits and channels the money into lending activities
financial institution (noun) banking company (noun)
an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets a financial institution that accepts deposits and channels the money into lending activities
Difference between financial institution and banking company

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