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savings and loan association

(Encyclopedia)savings and loan association (S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The fir...

building and loan association

(Encyclopedia)building and loan association: see savings and loan association. ...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...

loan

(Encyclopedia)loan, in business, sum of money borrowed at a particular interest rate. More generally, it refers to anything given on condition of its return or repayment of its equivalent. A loan may be acknowledge...

Federal National Mortgage Association

(Encyclopedia)Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered ...

American Library Association

(Encyclopedia)American Library Association, founded 1876, organization whose purpose is to increase the usefulness of books through the improvement and extension of library services. As the major professional assoc...

association

(Encyclopedia)association, in psychology, a connection between different sensations, feelings, or ideas by virtue of their previous occurrence together in experience. The concept of association entered contemporary...

Home Owners' Loan Corporation

(Encyclopedia)Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage deb...

trade association

(Encyclopedia)trade association, group of business people in the same trade or industry organized for the advancement of common interests. The trade association differs from the chamber of commerce in that membersh...

Federal Home Loan Mortgage Corporation

(Encyclopedia)Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...