thrift institution

Definitions of thrift institution
1

n a depository financial institution intended to encourage personal savings and home buying

Types:
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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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