GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Four Pillars


Synonyms:four columns
Filed Under: financial-banking, insurance
Tags: banking, insurance
 

Definition of four pillars

four pillars
1. A term used to describe the main types of financial institutions: banking, trust, insurance and securities.

Related Terms and Acronyms:

  • bank   An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
  • insurance (insur)   An arrangement where one party provides financial protection to another party for specific damages or losses.
  • security   A tradable financial implement that represents ownership, the rights to ownership or debt.
  • trust company   A company that acts as a trustee (an entity that controls financial assets on the behalf of another).

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