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)

Credits