trade association

Dictionary of Banking Terms for: trade association
trade association

nonprofit mutual benefit organization formed to provide services for its members, promote education and professional standards, and influence governmental agencies through lobbying. There are numerous trade groups representing commercial banks and savings institutions in the United States, operating at the state level and nationwide.

-Risk Management Association, Philadelphia, Pennsylvania, representing commercial loan and credit officers at banks and savings institutions.

Dictionary of Finance and Investment Terms for: trade association
trade association

organization, usually a not-for-profit corporation, that is comprised of and supported by members engaged in a particular type of business and thus having common interests. Trade associations typically engage in advocacy activities, legislative and congressional lobbying, public and membership information services, research and education, and other functions promoting the interests of the particular industry group.

Copyright (c) by Barron's Educational Series. Reprinted by arrangement with the publisher of this site.