--%>

Make mutual and stockholder-owned savings and loan

Compare and make mutual and stockholder-owned savings and associations of loan.
Some savings and loan associations are owned through stockholders, just as commercial banks and other corporations are owned through their stockholders.  Other S&Ls, termed as mutuals, are owned through their depositors. While a person deposits money in an account at a mutual S&L, that person becomes part owner of the firm. The mutual S&L's profits (if any) are put in a special reserve account from which dividends are paid from time to time to the owner/depositors.

   Related Questions in Finance Basics

  • Q : Define CALSTARS CALSTARS : The acronym

    CALSTARS: The acronym for the California State Accounting and Reporting System that is the state's primary accounting system. Most of the departments presently use CALSTARS.

  • Q : Make out this new balance sheet Normal

    Normal 0 false false

  • Q : Define Governors Budget Governor's

    Governor's Budget: The publication the Governor represents to the Legislature, by January 10 every year. It has recommendations and approximates for the state’s financial operations for the budget year. This also displays the real revenues and e

  • Q : Present value influenced by change in

    Normal 0 false false

  • Q : Explain Appropriated Revenue

    Appropriated Revenue: The revenue which, as it is earned is reserved and appropriated for a particular aim. An illustration is student fees received by state colleges which are by law appropriated for the support of the colleges. The

  • Q : Describe time value of money Describe

    Describe time value of money?The time value of money means that money you have in your hand today is worth more than money you expect to obtain in the future. Likewise, money you have to pay out today is a greater burden than the similar a

  • Q : Selection of board of directors of

    How are the members of the board of directors of corporation selected and to whom do these board members owe their prime allegiance? Members of corporation's board of directors are chosen by the common stockholders and owe their allegiance to th

  • Q : Basic determinant of transactions

    Normal 0 false false

  • Q : Inflationary expenditure gap or

    Normal 0 false false

  • Q : Define Final Budget Summary Final

    Final Budget Summary: A document generated by the Department of Finance subsequent to enactment of the Budget Act that reflects the Budget Act, any vetoes to the language and/or appropriations, technical corrections to the Budget Act, and summing up t