mutual savings banks

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• Mutual savings bank — For mutual banks, see mutualism (economic theory). Banking A series on …   Wikipedia

• mutual savings bank — noun a state chartered savings bank owned by its depositors and managed by a board of trustees • Syn: ↑MSB • Hypernyms: ↑savings bank * * * noun : a bank organized without stock which receives savings deposits and whose earnings accrue entirely… …   Useful english dictionary

• Mutual Savings Bank - MSB — A type of thrift institution, originally designed to serve low income individuals, that historically invested in long term, fixed rate assets such as mortgages. Initiated in 1816, the first mutual savings banks (MSBs) were the Philadelphia Saving …   Investment dictionary

• savings bank — a bank that receives savings accounts only and pays interest to its depositors. [1810 20] * * * Financial institution that gathers savings and pays interest or dividends to savers. It channels the savings of individuals who wish to consume less… …   Universalium

• mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… …   Black's law dictionary

• mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… …   Black's law dictionary

• savings bank life insurance — noun : life insurance sold over the counter by mutual savings banks as authorized by law in some states …   Useful english dictionary

• Savings account — Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while… …   Wikipedia

• Mutual organization — A mutual, mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality. Unlike a true cooperative, members usually do not contribute to the capital of the… …   Wikipedia

• Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom …   Wikipedia

• Savings bank — A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective… …   Wikipedia