Savings and loan association

Definition:

National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Time spread strategy

Buying and selling puts and calls with the same exercise price but different expiration dates, and trying to profit from the different premiums of the options.

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