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savings and loan association

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
savings and loan association
n. Abbr. S & L
A financial institution, organized cooperatively or corporately, that holds the funds of its members or clients in interest-bearing accounts and certificates of deposit, invests these funds chiefly in home mortgage loans and may also offer checking accounts and other banking services.
savings and loan association
n
(Economics, Accounting & Finance / Banking & Finance) a US name for a building society
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
savings and loan
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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6 million in public money deposited with State Savings and Loan Association of Clovis is insured by the federal government.
THE PAST 100 YEARS by The Santa Fe New Mexican (Santa Fe, NM)
gov, provides information about each of the 11,670 FDIC-insured commercial banks, savings banks and savings and loan associations.
Web sites you can bank on by Journal of Accountancy
Savings and loan associations and savings banks are included in this industry.
Research and Markets: 2009 Worldwide Savings Institutions Industry ... by Business Wire
 
 
 
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