Glossary/S&L: Difference between revisions
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S&Ls are '''S'''avings and '''L'''oan depository institutions, also known as thrifts. The principle purpose of these institutions is to make mortgage loans. | S&Ls are '''S'''avings and '''L'''oan depository institutions, also known as thrifts. In other words, they are a type of bank. The principle purpose of these institutions is to make mortgage loans. | ||
Latest revision as of 02:51, 9 August 2024
S&Ls are Savings and Loan depository institutions, also known as thrifts. In other words, they are a type of bank. The principle purpose of these institutions is to make mortgage loans.