mutual loan association
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savings and loan association — noun a thrift institution that is required by law to make a certain percentage of its loans as home mortgages • Syn: ↑savings and loan • Hypernyms: ↑thrift institution • Hyponyms: ↑building society * * * noun : a cooperative association … Useful english dictionary
savings and loan association — a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called… … Universalium
Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom … Wikipedia
savings and loan association — Synonyms and related words: Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, clearing house, commercial bank, credit union, farm loan … Moby Thesaurus
Mutual organization — A mutual, mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality. Unlike a true cooperative, members usually do not contribute to the capital of the… … Wikipedia
Mutual savings bank — For mutual banks, see mutualism (economic theory). Banking A series on … Wikipedia
mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… … Black's law dictionary
mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… … Black's law dictionary
Mutual insurance — A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance.… … Wikipedia
Mutual Ownership Defense Housing Division — The Mutual Ownership Defense Housing Division of the Federal Works Agency part of the United States government, operating from about 1940 to 1942 under the leadership of Colonel Lawrence Westbrook, was an attempt by the United States Government,… … Wikipedia
