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Related Definitions
Savings and loan association (S&L) Corporation that traditionally offered savings accounts with interest rates higher than banks. Since deregulation, an S&L offers both checking and savings accounts but still uses the majority of funds to
Savings and loan associations (S&Ls) Savings and loan associations (S&Ls) is the thrift institutions that accept time deposits and lend them primarily to buyers of single-
Operatives and labourers Operatives and labourers means unskilled and semi-skilled workers, usually working in manufacturing or construction.
Other expenses and losses A non operating activities section of the income statement that shows expense from auxiliary operations and losses unrelated to the company’s operations.
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