Savings and Loan
Definition
S&L. A federally or state chartered financial institution that takes deposits from individuals, funds mortgages, and pays dividends.
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Related terms:
savings deposits, thrift, Office of Thrift Supervision, Federal Savings and Loan Association, credit card, insured account, savings account, Negotiable Order of Withdrawal, Savings Association Insurance Fund, CD and 
'Savings and Loan
' appears in the definitions of these other terms on BusinessDictionary.com
mutual association, savings and loan bank
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