mutual savings bank
noun
a noncapitalized savings bank that distributes its net earnings to depositors.
Words nearby mutual savings bank
mutual inductance,
mutual induction,
mutual insurance,
mutual insurance company,
mutual resistance,
mutual savings bank,
mutualism,
mutualist,
mutuality,
mutualize,
mutually exclusive
British Dictionary definitions for mutual savings bank
mutual savings bank
noun
mainly US
a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power