Financial Dictionary

This dictionary contains:
24549
financial terms

Mutual savings bank




Mutual savings bank

In the US, a savings bank which is owned by its depositors.

RELATED TERMS
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Savings
According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time.

Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.



SIMILAR TERMS
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Mutual association
A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.

Mutual company
A private company whose ownership base is made of customers. Also referred to as a "co-operative".

MUTUAL Credit Union
MUTUAL is a credit union with head office in TOLEDO, OH

MUTUAL DIVERSIFIED EMPLOYEES Credit Union
MUTUAL DIVERSIFIED EMPLOYEES is a credit union with head office in SANTA ANA,, CA

Mutual exclusion doctrine
The doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities.

MUTUAL FIRST Credit Union
MUTUAL FIRST is a credit union with head office in OMAHA, NE

Mutual fund
In the US, a collective investment scheme, operated by an investment company, which enables small private investors to invest in a diversified portfolio of shares, bonds and other securities.

Mutual fund advisory program
A portfolio of mutual funds that are selected to match a pre-set asset allocation model based on the investor's objectives and offered in a single investment account together with the services of a professional investment advisor.

Mutual fund cash to assets ratio
The portion of the assets of a mutual fund which exists in cash instruments.

Mutual fund custodian
In the US, a commercial bank or trust company that safeguards securities held by a mutual fund.

Mutual fund liquidity ratio
A ratio published monthly by the Investment Company Institute that compares the amount of cash relative to total assets held by a mutual fund.

Mutual fund theorem
A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market-index or mutual fund.

Mutual fund timing
A legal but frowned-upon practice whereby traders attempt to profit from the short-term differences between the daily closing prices of a mutual fund.

Mutual offset
A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), which allows trading positions established on one exchange to be offset or transferred on another exchange.

Mutually exclusive investment decisions
Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.



PREVIOUS AND NEXT TERMS
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Mutual fund custodian
In the US, a commercial bank or trust company that safeguards securities held by a mutual fund.

Mutual fund liquidity ratio
A ratio published monthly by the Investment Company Institute that compares the amount of cash relative to total assets held by a mutual fund.

Mutual fund theorem
A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market-index or mutual fund.

Mutual fund timing
A legal but frowned-upon practice whereby traders attempt to profit from the short-term differences between the daily closing prices of a mutual fund.

Mutual offset
A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), which allows trading positions established on one exchange to be offset or transferred on another exchange.

Mutual savings bank

Mutually exclusive investment decisions
Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.

MVR
In currencies, this is the abbreviation for the Maldive Rufiyaa.

MWK
In currencies, this is the abbreviation for the Malawi Kwacha.

MXP
In currencies, this is the abbreviation for the Mexican Peso.

Myners report
A report produced in March 2001 by Paul Myners recommending a voluntary code of practice for the pension fund industry.

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This dictionary contains 24549 terms.







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