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Home > QFINANCE Dictionary > Definition of savings and loan association

Definition of

savings and loan association

Banking

chartered bank offering services for consumers in the United States, a chartered bank that offers savings accounts, pays dividends, and invests in new mortgages.

Related definitions of "savings and loan association"

Recommended Further Reading (Term count)
  • Using Securitization as a Corporate Funding Tool
    by Frank J. Fabozzi
    Securitization is the process of creating securities backed by a pool of loans or receivables. For a corporation, securitization is an alternative fund-raising process to the issuance of secured corporate bonds. The securities issued via the securitization process differ from traditional secured corporate bonds, where it is necessary for the corporate issuer to generate sufficient earnings to repay the bondholders. So, for example, if an...

Definitions of ’savings and loan association’ and meaning of ’savings and loan association’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’savings and loan association’ and other financial terms with our online QFINANCE Financial Dictionary.

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