noun a financial institution that accepts savings deposits and makes mortgage loans
Savings and loan associations play a key role in providing funding for real estate purchases through mortgage loans.
A savings and loan association is a financial institution that accepts savings deposits and provides mortgage loans. It is commonly used in the finance industry to refer to a type of bank.
In economics, savings and loan associations are studied as part of the financial system and its impact on the economy.
In the banking sector, savings and loan associations are considered as a type of financial institution that focuses on savings deposits and mortgage lending.
A writer may mention savings and loan associations in articles or books about personal finance or banking practices.
A financial analyst may analyze the performance of savings and loan associations as part of their research into the banking sector.
A real estate agent may work closely with savings and loan associations to help clients secure mortgage loans for property purchases.
An accountant may advise clients on the tax implications of investing in savings and loan associations or managing accounts with them.