Thrift

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T

Thrift

Definition

Also referred to as a thrift bank or thrift institution, a type of financial institution that primarily offers savings accounts and home mortgages to the public. Unlike larger commercial banks, thrifts typically offer higher yields on savings accounts. Examples of thrifts include savings-and-loan associations and credit unions.

Related rules

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— In re Landmark Land Co. of Carolina, Inc.

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— Winstar Corp. v. United States

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