mutual savings bank
mutual savings bank mutual savings bank n. a state-chartered savings bank owned by its depositors and managed by a board of trustees. Abbreviated {MSB}. [WordNet 1.5]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • mutual savings bank — ☆ mutual savings bank n. a savings bank that has no capital, its depositors sharing all the net profits …   English World dictionary

  • Mutual savings bank — For mutual banks, see mutualism (economic theory). Banking A series on …   Wikipedia

  • mutual savings bank — A state chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees . Bloomberg Financial Dictionary * * * mutual savings bank mutual savings bank ➔ bank1 * * * mutual savings bank UK US noun [C] BANKING,… …   Financial and business terms

  • mutual savings bank — noun a state chartered savings bank owned by its depositors and managed by a board of trustees • Syn: ↑MSB • Hypernyms: ↑savings bank * * * noun : a bank organized without stock which receives savings deposits and whose earnings accrue entirely… …   Useful english dictionary

  • mutual savings bank — a noncapitalized savings bank that distributes its net earnings to depositors. * * * …   Universalium

  • mutual savings bank — noun a non capitalised savings bank distributing its profits to depositors …   Australian English dictionary

  • mutual savings bank — /ˌmju:tʃuəl seɪvɪŋz bæŋk/ noun a savings bank which is owned by the customers who have deposits with it …   Dictionary of banking and finance

  • mutual savings bank — A bank organized by depositors, whose interest is shown by certificates of deposit, for the purpose of furnishing a safe depositary for money of members. It need not be incorporated or under supervision unless state law so requires. A C… …   Black's law dictionary

  • mutual savings bank — A bank organized by depositors, whose interest is shown by certificates of deposit, for the purpose of furnishing a safe depositary for money of members. It need not be incorporated or under supervision unless state law so requires. A C… …   Black's law dictionary

  • Mutual Savings Bank - MSB — A type of thrift institution, originally designed to serve low income individuals, that historically invested in long term, fixed rate assets such as mortgages. Initiated in 1816, the first mutual savings banks (MSBs) were the Philadelphia Saving …   Investment dictionary

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