savings and loan

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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
References in periodicals archive ?
The man then ran from the savings and loan southbound, fleeing with an undisclosed amount of money.
Savings and loan executives, understanding that their survival depended on political favor, became powerful political animals.
We believe that the private sector of the savings and loan industry will continue to show a profit in future quarters and that such profit will grow, assuming that the Resolution Trust Corporation continues to bury the dead (some say "shoot the wounded"), that interest rates behave, and that the economy does not slide back into recession.
Since the Federal Home Loan Mortgage Corporation is not a bank or a savings and loan association, its entire mortgage was lost.
While thousands of smaller investors stand to gain from the decision, it could also help the claims of some of the more notorious figures in the savings and loan debacle.
The local savings and loan, probably plagued by an anemic cash flow, was able to draw in new loans and new loan fees.
parent of World Savings and Loan, which is the biggest of the five with branches in seven states and assets topping $37 billion.
I would like to focus my remarks today on the two major elements of the President's program: (1) the restructuring and reform proposals, and (2) the procedures for dealing with failed savings and loan associations as well as the funding required to cover losses incurred by these institutions.
The ornate branches gathered enough of the growing wealth of Southern California to make Home Savings the nation's largest and in many ways most successful savings and loan.
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