thrift institution

Definitions of thrift institution
  1. noun
    a depository financial institution intended to encourage personal savings and home buying
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    savings and loan, savings and loan association
    a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
    savings bank
    a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
    building society
    British equivalent of United States savings and loan association
    MSB, mutual savings bank
    a state-chartered savings bank owned by its depositors and managed by a board of trustees
    FSB, federal savings bank
    a federally chartered savings bank
    type of:
    bank, banking company, banking concern, depository financial institution
    a financial institution that accepts deposits and channels the money into lending activities
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