savings accounts
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Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… … Wikipedia
savings and loan association — sav·ings and loan association n: a cooperative association organized to hold savings of members in the form of dividend bearing shares and to invest chiefly in home mortgage loans Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… … Law dictionary
savings account — Accounts maintained in commercial and savings banks for purpose of accumulating money, in contrast to a checking Savings accounts generally yield interest on the deposited funds, though the trend is to also pay interest on checking account… … Black's law dictionary
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 — 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 Account — A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account… … Investment dictionary
savings bank — a bank that receives savings accounts only and pays interest to its depositors. [1810 20] * * * Financial institution that gathers savings and pays interest or dividends to savers. It channels the savings of individuals who wish to consume less… … Universalium
Savings and Loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. The New York Times Financial Glossary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also… … Financial and business terms
savings and loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. Bloomberg Financial Dictionary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also ˌsavings… … Financial and business terms
savings bank — An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Bloomberg Financial Dictionary * * * savings bank savings bank ➔ bank1 * * * savings bank UK US noun [C] BANKING, FINANCE ► a bank whose main purpose … Financial and business terms
