MUTUAL SAVINGS BANK

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A state-chartered savings bank owned by its depositors and managed by a board of trustees

Synonyms:

MSB; mutual savings bank

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("mutual savings bank" is a kind of...):

savings bank (a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks)

Credits