savings-and-loan

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Definitions from WordNet

Noun savings-and-loan has 1 sense

savings and loan, savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
--₁ is a kind of thrift institution
--₁ has particulars: building society

Definitions from the Web

Savings and Loan

Description:

Savings and Loan refers to a financial institution that specializes in accepting deposits and providing loans, typically for mortgages and home ownership. It functions as a type of thrift institution, serving the local community by facilitating individuals and families in saving money and obtaining funds for real estate purposes.

Sample Sentences:

She decided to visit the local savings and loan to inquire about mortgage options.
My parents have been loyal customers at the savings and loan for over thirty years.
The savings and loan industry plays a crucial role in supporting homeownership in the community.
He chose to invest his savings in a high-yield savings and loan account.

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