Term
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Definition
| financial institutions that accepted the deposits of small investors but did not have demand deposits accounts (DDAs) until the mid-1970s. |
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Term
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Definition
| a type of checking account that pays interest |
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Term
| Saving and loan associations (S&L) |
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Definition
| A depository institution that invests the majority of its funds in home mortgages. |
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Definition
| a nonprofit service cooperative that is owned by, and operated for, the benefit of its members. |
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Definition
| Interest-earning checking account issued by credit unions |
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Term
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Definition
| a person or institution to whom money is owned |
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Definition
| Claims on the property and the income of a borrower |
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Definition
| Financial institutionsthat bring togater the funds that savers provide and lend to them others |
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Term
| nonbank finanicial institution |
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Definition
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