What does mutual savings bank mean?
Definitions for mutual savings bank
mu·tual sav·ings bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mutual savings bank.
Princeton's WordNet
mutual savings bank, MSBnoun
a state-chartered savings bank owned by its depositors and managed by a board of trustees
ChatGPT
mutual savings bank
A mutual savings bank is a financial institution that is owned by its depositors and operates for the benefit of its members. It primarily accepts savings deposits and uses funds to make mortgage, education, and personal loans. Unlike a publicly-traded bank, there are no stockholders, and profits are shared among members in the form of more favorable interest rates or low fees. They are often community-based and local, with operations designed to support the local economy.
Wikidata
Mutual savings bank
A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, that is owned by its members who subscribe to a common fund. From this fund claims, loans, etc., are paid. Profits after deductions are shared between the members. The institution is intended to provide a safe place for individual members to save and to invest those savings in mortgages, loans, stocks, bonds and other securities and to share in any profits or losses that result. The members own the business.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of mutual savings bank in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of mutual savings bank in Pythagorean Numerology is: 9
Translation
Find a translation for the mutual savings bank definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"mutual savings bank." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/mutual+savings+bank>.
Discuss these mutual savings bank definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In