Identification
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.
Class Relationships
Sub Class Of
- • Bank
Parent Class Of 0
- • None
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
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Deprecated
No
Source and Origin
No source or origin information available