Term of the Day

Savings and Loan

A Savings and Loan (or S&L) is a banking institution that operates similarly to retail banks and credit unions.  The main purpose of savings and loan associations was to permit members to deposit savings and get a loan at competitive rates.  Savings and loans banks can offer competitive rates because it is mutually owned by its members so a third party does not benefit much like how a food cooperative operates. 


ETFs vs. Mutual Funds... What's a Better investment?

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Investing in Dividend Stocks for Long-term Returns
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Ways to Diversify your Investment Portfolio
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Recently Added
Retail Sales Index
Underwater Mortgage
Underlying Profit
Underlying Security
Term Sheet
Unit Cost
Termination Date
Tequila Effect
Technical Correction
Tear Sheets
Tax-Deductible
Taxable Estate
Tax Tables
Tax Holiday
Tax Free
Most Popular
1. Inverse Order of Maturity
2. Employment contract
3. FUTA
4. Mortgage servicing
5. M2
6. Vend
7. Superdollar
8. Product (business)
9. Euromarket
10. Switch
11. Bulge
12. Draft
13. Life of loan
14. Prepayment penalty
15. Zero-sum

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