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savings and loan

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.savings and loan - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
thrift institution - a depository financial institution intended to encourage personal savings and home buying
building society - British equivalent of United States savings and loan association


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Today, the Ghana Association of Savings and Loans Companies has 14 members and over 125 rural banks scattered across the 10 regions of Ghana, providing financial services to a predominantly agro-based economy.
Members become eligible for loans by establishing a credit rating based on their savings and loan repayment record, regardless of any external credit difficulties.
GAO-02-689 July 15, 2002 GAO reviewed information systems general controls in the calendar year 2001 financial statement audits of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund, Savings Association Insurance Fund, and Federal Savings and Loan Insurance Corporation Resolution Fund.
 
 
 
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