MUTUAL SAVINGS BANK - MSB
A thrift institution which is primarily designed to cater low-income individuals, that invested in long-term and fixed-rate assets like mortgages. Started in 1816, the Philadelphia Saving Society and Boston's Provident Institution for Saving were the first mutual savings banks. Most of these banks are situated in Mid-Atlantic and industrial Northeast USA regions.
POPULAR TERMS
Blotter
Record of transactions made within a time period. Details include time, price, volume, and order (buy or sell). Normally created through a trading ...
Estimated Current Return
Approximate return for a unit investment trust over the short-term, which is calculated by getting the valuated annual interest income from the sec ...
Lock-Up Agreement
A legally binding contract which prohibits the underwriters and company insiders from selling any shares of stock during the transition period for ...
Transfer Payment
1. In the United States, payment given by the government to individuals through several benefit programs.
2. In Canada, payment made by t ...
ZBA
A Zero Balance Account or ZBA is a checking account with a maintaining balance of zero. Its sole purpose is to receive funds from a master account. ...
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