Savings banks
Depositor-owned, bank like institutions chartered by individual states and almost identical to savings and loans in operation. They began in New England in the early 19th century for the purpose of paying interest on deposits.
Category: Banking & Finance
Previous: ← Savings and loan association (S&L)
Next: Secured loan →
More from this Section
- Accounts receivable financing
Accounts receivable financing is a short-term financing method in which accounts receivable ... - Factor income
A component of the current account is factor income, which represents income received ... - Cronyism
Cronyism is the tendency of local firms to be controlled either by families or by groups ... - Core deposits
Core deposits is a stable and predictable base of deposited funds, usually supplied by ... - Reserve Ratio
This method involving that, the central bank is given the power to vary the minimum cash ...