| 释义 |
mutual savings bank
mutual savings bank n (Banking & Finance) chiefly US a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power Thesaurus| Noun | 1. | mutual savings bank - a state-chartered savings bank owned by its depositors and managed by a board of trusteesMSBsavings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks |
EncyclopediaSeeMSBmutual savings bank
Mutual savings bankA state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.Mutual Savings BankA savings and loan association that has no stockholders and, as a result, reinvests all profits in itself. Most mutual savings banks are owned by their depositors and borrowers. Because there are no stockholders to please, mutual savings banks are often very conservative with how they invest deposits. As a result, they tend to survive periods of financial distress relatively well. This was especially true during the Great Depression. In the United States, most mutual savings banks are in the Northeast.mutual savings bank (MSB) A deposit-gathering thrift institution that chiefly makes mortgage loans. Mutual savings banks, typically located in the northeastern states, are organized much like savings and loan associations. MSBs are technically not depositor-owned, although all are state-chartered. Also called savings bank.mutual savings bank
Related to mutual savings bank: savings and loan associationSynonyms for mutual savings banknoun a state-chartered savings bank owned by its depositors and managed by a board of trusteesSynonymsRelated Words |