Meaning Of The Word Mutual savings bank

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Mutual savings bank Meaning

Mutual savings bank Definition
Mutual savings bank Definition

What's The Definition Of Mutual savings bank?

mutual savings bank in British English
a savings bank that has no capital, its depositors sharing all the net profits
noun: a noncapitalized savings bank that distributes its net earnings to depositors
noun: a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power

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