Savings and loan association
volume

Định Nghĩa và Ý Nghĩa của "savings and loan association"

savings and loan association
01

an organization that lends money to people for buying a house or pays interest on the money that they save there

example
Ví dụ
Depositors trusted the stability of the savings and loan association, knowing that their savings were insured by the Federal Deposit Insurance Corporation (FDIC).
The savings and loan association offered competitive interest rates on mortgages for first-time homebuyers.
The savings and loan association provided low-interest loans to help fund the construction of affordable housing developments in the area.
Members of the community pooled their savings to establish a local savings and loan association to provide affordable loans to small businesses.
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