Mutual savings bank


 

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Mutual Savings Bank

An institution owned by its depositors, as evidenced by certificates of deposit rather than stock. These institutions are active in long term real estate financing, as opposed to commercial banks, which concentrates more on short term loans.

Mutual savings bank

In the US, a savings bank which is owned by its depositors.

Mutual savings bank

A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.



Mutual savings bank

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Bonds Enabling Annual Retirement Savings (BEARS)

Bonds Enabling Annual Retirement Savings (BEARS)

Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.


National Savings Stock Register

National Savings Stock Register

A register of government stocks (gilts) which can be purchased by the public through the Post Office at favourable rates of commission for moderate purchases and sales. Transactions are conducted by mail and interest is paid gross and is taxable. Despite the name, the Register is now administered by the Bank of England.


Savings element

Savings element

Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. This excess is invested by the insurance company, and the returns are tax-deferred inside the policy.


Financing Cost Savings

Financing Cost Savings

A source of competitive advantage that depends on access to low cost sources of capital.


Savings and loan association

Savings and loan association

In the US, a financial institution in which depositors' savings are used to provide home mortgages loans.


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