What exactly is a national Savings and you can Mortgage (S&L)?
What exactly is a national Savings and you can Mortgage (S&L)? The expression government savings and you can mortgage (S&L) relates to a lending institution one focuses primarily on delivering checking and you may discounts accounts, loans, and you will residential mortgage loans to help you users. Such institutions are also also known as thrifts-borrowing unions and you will offers financial institutions which can be mutually owned by its users. As such, many of these businesses are neighborhood-based and you will really had, even though some can certainly be in public-replaced. The phrase trustee coupons lender is employed in britain the same exact way government deals and you can mortgage can be used in the You. How a federal Discounts and you will Loan (S&L) Functions Many the present government…
English
Hungarian
Italian
Maltese
Polish
Spanish
