Savings and loan association

United States - financial institutions.

(S&L).

A savings and loan association takes in deposits and makes loans, usually in the form of mortgage loans secured on residential real estate.

Similar to a building society.

Also known as a savings and loan, or a thrift.

See also

• Bank
• Building society
• Credit union
• Deposit
• Loan
• Mortgage
• Mutual
• Real estate
• Savings
• Thrift