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Glossary Term: THRIFT INSTITUTION

Definition(s) for THRIFT INSTITUTION:


1. ) refers to an organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are examples of thrift institutions.

2. ) An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages. Savings banks, savings and loan associations, and credit unions are example of thrift institutions.

3. ) A general term encompassing savings banks, savings and loan associations, and credit unions



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