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
Federal Savings and Loan Association, credit card, insured account, savings account, negotiable order of withdrawal, Savings Association Insurance Fund, savings deposits, thrift, Office of Thrift Supervision
'Savings and Loan
' appears in the definitions of these terms on BusinessDictionary.com
mutual association, savings and loan bank
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