Savings And Loan Association (S&L) Financial Glossary

What is it? An association chartered to hold savings and make real estate loans. Active in long-term financing (mortgages) rather than construction loans.

Finance Term Definition Added By: Ben

Send To Friends!

If you'd like to send the Savings And Loan Association (S&L) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Savings And Loan Association (S&L). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term deposit notes is A form of bank obligation that is similar to a deposit. Deposit notes are typically issued with terms from two to five years. Like CDs, deposit notes are issued for specified terms at either specified rates or specified rate formulas. Unlike CDs, deposit notes are sold in a predetermined amount for a predetermined time period. The deposit note terms are usually described in an offering circular similar to an offering of securities. For investors, the primary difference between bank CDs and bank deposit notes is the way in which interest is calculated. Like many government agency securities and corporate bonds, interest rates for deposit notes are typically calculated using accrual methods that assume a 360-day year comprised of months that all have 30 days. Deposit notes may be rated by a nationally recognized statistical rating organization (NRSRO).

Financial Term Fair Market Value Lease (FMV) is A lease which includes an option for the lessee to either renew the lease at a fair market value renewal or purchase the equipment for its fair market value at the end of the lease term. Though often referred to as tax leased, not all Cisco Systems Capital Fair Market Value Leases qualify as tax leases.

Financial Term Net Asset Value (NAV) is The market value of a fund share, synonymous with a bid price. In the case of no-load funds, the NAV, market price, and offering price are all the same figure, which the public pays to buy shares; load fund market or offer prices are quoted after adding the sales charge to the net asset value. NAV is calculated by most funds after the close of the exchanges each day by taking the closing market value of all securities owned plus all other assets such as cash, subtracting all liabilities, then dividing the result (total net assets) by the total number of shares outstanding. The number of shares outstanding can vary each day depending on the number of purchases and redemptions.

Financial Term platted land is Land that has been divided into lots described in a plat plan that is filed in the real estate records of a political entity.

Financial Term Army Reserve Student Loan Repayment Program is Student loan repayment program available to Army Reservists; amount of repayment is based on years of service and job specialty.