mutual savings bank
noun
a noncapitalized savings bank that distributes its net earnings to depositors.
Nearby words
mutual inductance, mutual induction, mutual insurance, mutual insurance company, mutual resistance, mutual savings bank, mutualism, mutualist, mutuality, mutualize, mutually
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