thrift

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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 ?
That's where he got his branding on thriftiness. Equally also, he is the tidiest person next to the Japanese, he even cleans his pan de sal with his coffee," said Albano.
Drinking PBR "says you have that working-class thriftiness," Milletto said.
Once considered the outlet of last resort for those down on their financial luck, the dollar store has metamorphosed into a trendy choice for affluent customers--many of whom now flaunt their newfound thriftiness in front of their friends.
Chung believes that the future of Hong Kong film lies in such thriftiness.
Western Republicans, who pride themselves on their rugged thriftiness, were no better.
Mr Brown's neighbours at Number 10, Downing Street declined to comment yesterday on news of the Chancellor's thriftiness and his own official spokesman would not be drawn on the issue.
In addition, people would be justly rewarded for frugality and thriftiness, two among many of the lost virtues in 20th century America.
"The green consciousness in the '90s is going to force a new spirit of thriftiness characterized by less wasteful and less indulgent consumption."
Objective: This project aims to isolate the causal effects of formal institutions (mainly, Laws and regulations) on cultural variables that influence economic development, Such as trust, Cooperation, Social value orientation, Competitiveness, Thriftiness, And work ethics, In order to better understand how to design institutions that facilitate market exchange.
So maybe I need to rethink meanness and rebrand it as thriftiness, savviness.
This year's trends also lean towards tradition, thriftiness and environmental awareness, resulting in the reusing of practical trends from different eras which work well in any setting.
MY Yorkshire roots do, I'm sure, give me a natural thriftiness in some areas of my life while also making me suspicious of offers promising me something for nothing.