(alsothrift)in the US, atypeofbankthatallowsyou tosavemoneyorborrowmoneytobuyahouse:Thriftinstitutionis ageneraltermforsavingsbanksandsavingsandloanassociations.Thesedays, thriftsplacemost oftheirmoneyintoboringbutsafemortgages.(Definition ofthrift institutionfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofthrift institution
thrift institutionIt is also, and to a very large extent, a small savings orthriftinstitution.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Because subprime loans have such high repayment risk, the origination of large volumes of subprime loans by thrift institutions or commercial banks was not possible without securitization.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Indeed, the company actually prospered in those years by concentrating on what thrift institutions were chartered to do: take in savings and provide loans to people buying homes.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.They want it to be, for preference, a higher rate than that of any of the other thrift institutions.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These are great thrift institutions.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/thrift-institution##
