Thrift institution
Revision as of 17:43, 6 February 2012 by JohnJLothian (talk | contribs)
A thrift institution is a financial organization that accepts primarily savings account deposits and then invests most of the proceeds in mortgages. Savings banks, savings and loan associations, and credit unions are thrift institutions.[1] [2]
References[edit]
- ↑ Thrift Institution Definition. Yourdictionary.com.
- ↑ Thrift Institution financial definition. Financial Dictionary.