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
Proved Reserves
It refers to the amount of resources that can be recovered from the deposit with a reasonable certainty level.
Cumulative Discount Privilege
In mutual fund, a way an investor can become eligible for lower fees by getting the sum of multiple transactions in several funds within the same f ...
Commercial Hedger
Companies purchasing futures positions in commodities to control its costs. When used in creating a product or service, corporations can hedge to r ...
Hurdle Rate
The minimum rate of return required by a manager on a project. The riskier the project, the higher the hurdle rate.
Sensex
Sensex is the abbreviation for the index of the Bombay Stock Exchange (BSE) that is the Bombay Sensitive Index. In 1986, the Sensex was initially c ...
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