mutual savings bank

listen to the pronunciation of mutual savings bank
English - Turkish
(Ticaret) tasarruf ortaklığı bankası
(Ticaret) tasarruf ve mevduat bankası

Related Terms

mutual bank
karşılıklı banka
English - English
a state-chartered savings bank owned by its depositors and managed by a board of trustees
A bank whose depositors own it Although a credit union's member s own the credit union, the two institutions differ in many ways They have different charters and are subject to the regulation of different government organizations Furthermore, the board of directors of a mutual savings bank are paid (compared to a credit union's volunteer directors) and the owners of a mutual savings bank have voting rights in proportion to the amount of money on deposit (compared to the one-member-one-vote practice of most credit unions)
A banking institution organized especially to encourage thrift among persons of modest means by paying interest/dividends on savings deposits There are no mutual savings banks in California
A savings bank that is owned by, and operated for the benefit of, its depositors
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 BACK TO TOP
A bank owned by its depositors which loans it funds on a long-term basis
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

    Hyphenation

    mu·tu·al savings bank

    Turkish pronunciation

    myuçıwıl seyvîngz bängk

    Pronunciation

    /ˈmyo͞oʧəwəl ˈsāvəɴɢz ˈbaɴɢk/ /ˈmjuːʧəwəl ˈseɪvɪŋz ˈbæŋk/
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