City


City
The financial district of London in which are situated the head offices of many banks, the money markets, the foreign exchange markets, the commodity and metal exchanges, the insurance market (including Lloyd's), the London Stock Exchange, and the offices of the representatives of foreign financial institutions. Occupying the so-called Square Mile on the north side of the River Thames between Waterloo Bridge and Tower Bridge, the City has been an international merchanting centre since medieval times. Although many institutions remain in the Square Mile, others have migrated east along the river to new offices in the Docklands area.

Accounting dictionary. 2014.

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