stock savings bank


stock savings bank
stock savings bank stock savings bank bank1

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stock savings bank UK US noun [C] BANKING, FINANCE
in the US, a bank where people save their money, that is owned by shareholders, rather than being a mutual (= one owned by people with money in the bank): »

The bank plans to convert to a stock savings bank to enable it to raise up to $40 million in capital.

Compare MUTUAL SAVINGS BANK(Cf. ↑mutual savings bank)

Financial and business terms. 2012.

Look at other dictionaries:

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