A savings and loan association (or S&L), also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms `S&L` or `thrift` are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building so...
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a savings and home-financing institution that makes loans for the purchase of private housing, home improvements, and new construction. Formerly ... [1 related articles]
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http://www.britannica.com/eb/a-z/s/36
National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.
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http://www.duke.edu/~charvey/Classes/wpg/bfgloss.htm
National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.
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In the USA, a cooperative, mutual, savings organization that sells stock to its members. Created primarily to finance loans for home improvements, construction, and purchase, S&Ls at one time...
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Is a depository financial institution, federally or state chartered, that obtains the majority of its deposits from consumers and holds the majority of its assets as home mortgage loans.
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National- or state-chartered institution that accepts savings deposits and invests the bulk of the f
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In the US, a financial institution in which depositors' savings are used to provide home mortgages... <a target=_blank href='http://www.finance-glossary.com/terms/savings-and-loan-association.htm?id=1279&ginPtrCode=00000&PopupMode=false' title='Read full definition of savings and loan association'>more</a>
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In the USA, a cooperative, mutual, savings organization that sells stock to its members. Created primarily to finance loans for home improvements, construction, and purchase, S&Ls at one time provided 40% of the funds for home purchases. In the late 1980s a crisis developed, with S&Ls making huge losses on unsecured loans. A federal bai...
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https://www.encyclo.co.uk/local/21221
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