S&L

Savings and Loan Association - A Savings and Loan Association (S&L) is a financial institution primarily focused on accepting savings deposits and making mortgage loans. S&Ls play a significant role in providing home financing, particularly for residential properties, by offering favorable mortgage terms to depositors.

Class Information

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Identification

Label (rdfs)
Savings and Loan Association
Preferred Label
S&L
Alternative Labels
Thrift Bank, Thrift Institution
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Definition and Examples

Definition
A Savings and Loan Association (S&L) is a financial institution primarily focused on accepting savings deposits and making mortgage loans. S&Ls play a significant role in providing home financing, particularly for residential properties, by offering favorable mortgage terms to depositors.
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Deprecated
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