mutual savings bank


noun

a noncapitalized savings bank that distributes its net earnings to depositors.

Nearby words

  1. mutual inductance,
  2. mutual induction,
  3. mutual insurance,
  4. mutual insurance company,
  5. mutual resistance,
  6. mutualism,
  7. mutualist,
  8. mutualistic,
  9. mutuality,
  10. mutualize

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for mutual savings bank

mutual savings bank

noun

mainly US a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012