| / English Dictionary |
THRIFT INSTITUTION
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A depository financial institution intended to encourage personal savings and home buying
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("thrift institution" is a kind of...):
bank; banking company; banking concern; depository financial institution (a financial institution that accepts deposits and channels the money into lending activities)
Hyponyms (each of the following is a kind of "thrift institution"):
savings and loan; savings and loan association (a thrift institution that is required by law to make a certain percentage of its loans as home mortgages)
savings bank (a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks)
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