thrift

(redirected from thriftiness)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Federal Savings and Loan Association

A federally chartered bank that specializes in taking deposits for checking and savings accounts, as well as making home mortgages. Savings and loan associations tend to be smaller than other banks and are more focused on the local communities in which they operate. It is sometimes (but not always) easier to obtain a loan from a savings and loan association because it may have better knowledge of the local market. They derive most of their funds from customer savings accounts, but they also generally have easy access to loans from the Federal Home Mortgage Banks. They are also known as thrifts. They are regulated by the Office of Thrift Supervision.

thrift

A financial institution that derives its funds primarily from consumer savings accounts. The term originally referred to those institutions offering mainly passbook savings accounts. But the industry evolved through financial deregulation to the point where these accounts often provide only a small source of funds for many thrifts. The term often refers to savings and loan associations, but can also mean credit unions and mutual savings banks.
References in periodicals archive ?
But savvy investors may want to keep this idea of thriftiness in mind even as Streaming Media devotes this entire issue to the topic of monetizing online video.
Taking into account the current thriftiness of whimsical creatures and the parents who play them may not seem important.
In his north Italian village they would probably applaud my father-in-law's thriftiness and eye for a bargain.
And when it comes to the latter, they would give priority to home-based solar and wind devices, because it's educational and encourages thriftiness.
He grew up in the English countryside, not far from Cambridge, and absorbed thriftiness practically to the bone from his mother and grandmother, who had lived through World War II and rationing.
Rapid changes in fashion and the significance of that boundary between self and world necessitated a special kind of thriftiness.
New Englanders pride themselves on their thriftiness, tenacity, inventiveness, creativity and business acumen.
Innovative rural people, whose habits of independence and thriftiness mother invention, have found ways to sustain their small schools, often through partnerships.
I found this thriftiness particularly impressive after Mike explained to me that they use their solar-electric system to pump water into a pair of 450-gallon cisterns from a 950-foot well; a well that requires a 1.
A recent story in the New York Tunes detailed how producer-creator-director Ken Davenport, the man behind slick machines like "Altar Boyz" and "The Awesome 80s Prom," capitalized ibis commercial Off Broadway production for a scant $175,000, and his thriftiness is apparent onstage.
Later, we see the same entrepreneurial thriftiness as used clothing dealers sell seemingly useless castoffs for industrial wiping rags and shoddy for mattresses, cushions, insulation and the like.
In our wealth, we laugh at the foolish penny-pinching thriftiness of that advice.