mutual savings bank

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mutual savings bank

n
(Banking & Finance) chiefly US a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Noun1.mutual savings bank - a state-chartered savings bank owned by its depositors and managed by a board of trustees
savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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They were in fact small mutual associations of a dozen or a hundred farmers, whose aim was to get telephone service at cost.
The statistics focus on private sector enterprises, "where the sector is defined as including; companies; building societies; sole proprietors; partnerships; public corporations; nationalised bodies; non-profit making bodies; and mutual associations".
Chief Minister said that the festival of Christmas gives the opportunity to promote friendship, love and mutual associations and we today share the joyous moments of Christian community.
The program, a project of American Banker and Best Companies Group, considered commercial banks, thrifts, mutual associations, mutual savings banks, savings and loan associations or savings banks having at least 50 employees working in the U.S.
The French economist Frederic Bastiat (died 1850), said that free and self administered mutual associations existed in the UK, over 33,000 of them covering over 3 million people (half the total population), with annual revenues of PS5 million (how many billion would that be today?).
The resumption of international shipping of Iranian oil has been made possible by an increase in interim, limited, insurance cover by "P&I clubs" - maritime mutual associations that provide "protection and indemnity" insurance to shippers.
When he got back home, the pedigree of Schur and Goor and their many mutual associations in comedy circles made it an easy decision for him to sign on with them.
The Minister summed up the problems faced by the agricultural sector in Tunisia in five axes, a limited coverage by insurance (7% of farmers are not insured), the lack of an efficient mechanism of insurance against natural disaster (floods, drought...), a poor contribution of banks in the sector's finance, (over 15% of the overall amount of agricultural investment) in addition to the weak adherence of farmers in mutual associations of agricultural services (5%of farmers).
This forum gave a say to stakeholders other than those usually heard at this type of conference: consumer associations presenting the views of individuals, representatives of online commercial operators (eBay, Fnac) for parcels, consignors of large volumes of mail like newspaper publishers, health mutual associations, etc.
As mutual associations, they pay dividends, rather than interest, on savings accounts.