GLOSSARY

Savings Savings Bank Secured credit card Secured Debt Secured loan Security Service Charge Simple Interest Social security number Soft inquiry Statement
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Savings Bank

A type of depository financial institution, found mostly in the northeastern United States, that accepts consumer deposits and invests these funds primarily in residential mortgages and high-grade securities. Mutual savings banks are owned by their depositors, while stock savings banks issue common stock to the public.

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