De Mesa, Shane Argarin, Junel FINANCIAL INSTITUTION Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. COMMERCIAL BANKS The term “commercial bank” refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and etc. INSURANCE COMPANIES A company that creates insurance products to take on risks in return for the payment of premiums. Companies may be mutual owned by a group of policyholders or proprietary owned by shareholders. Also known as insurer or provider. MUTUAL FUNDS is an investment fund that pools money from many investors to purchase securities. PENSION FUNDS financial intermediaries which offer social insurance by providing income to the insured persons following their retirement. Thank you