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Savings and loan association
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Details
High Quality Content by WIKIPEDIA articles! A savings and loan association (or S&L), also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks[citation needed]), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization, similar to the policyholders of a mutual insurance company. It is possible for an S&L to be a joint stock company and even publicly traded. However, this means that it is no longer truly an association, and depositors and borrowers no longer have managerial control.
Weitere Informationen
- Allgemeine Informationen
- Sprache Englisch
- Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
- Titel Savings and loan association
- ISBN 978-613-0-32237-3
- Format Fachbuch
- EAN 9786130322373
- Jahr 2010
- Größe H220mm x B150mm x T4mm
- Untertitel Contract, Controversy, Private Law, Plaintiff, Stipulation, Settlement Conference, Settlement Offer, Court Order
- Gewicht 118g
- Genre Sprach- und Literaturwissenschaften
- Anzahl Seiten 68
- Herausgeber Betascript Publishers
- GTIN 09786130322373
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