thrift

Definition

An organization formed for the purpose of holding deposits for individuals; examples include savings banks and savings and loans.

Use thrift in a sentence

You may find that you can get a very good deal on a supply that you need at a nearby thrift store.

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I liked to go shopping at thrift stores because I liked what they sold and I liked the atmosphere as well.

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The local thrift provided basic services to its account holders in the form of checking, savings, and short term CD accounts.

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Savings and Loan thrift savings plan