thrift institution
1
5.5
- noun
- /θrɪft ˌɪnstəˈtuːʃən/
- Specialized
:
institución de ahorro
- banks and thrift institutions
- thrift institutions and commercial
Examples
-
The MBA and Commercial Real Estate (CRE) Finance Council report that between 2007 and 2010, the default rates of loans held by banks and thrift institutions increased from roughly 0.80% to more than 4%.
Academic text (2016) -
Much of the decline can be attributed to existing loans being paid off at a faster pace than the origination of new commercial and multifamily mortgages, especially among banks, thrift institutions, and commercial mortgage-backed security (CMBS) issues.
Academic text (2016) -
Many people choose to save money at a thrift institution to earn interest on their deposits.
-
The community center partnered with a local thrift institution to help residents with affordable home loans.
-
My grandparents opened an account at the thrift institution to save for their new house.
Synonyms
68
3.6
An organization that keeps people's money, gives loans, and offers other money services
33
3.9
A bank that accepts people's savings and makes loans to buy houses
1
2.7
A bank that takes people's savings and pays interest
1
3.6
A bank that takes savings and lends money to help people buy houses
People who save money there own the bank
An organization that accepts people's money in accounts and lends or invests it
How Savings-Oriented
- Specialized
1
2.7
19
3.6
- Specialized
1
5.5
- Specialized
12
3.0
Surface Forms
Morphology
The meaning is directly built from 'thrift' (saving, economical use of money) plus 'institution' (an organization), so a learner who knows both words can infer it denotes an organization that promotes saving (e.g., a savings bank or credit union). This noun-noun composition follows regular, transparent English compounding patterns and is cross-linguistically predictable, making it understandable to B1 learners.
Etymology
The term thrift institution comes from thrift, the idea of careful saving, and institution, a place that helps people. Imagine neighbors bringing small coins to a local bank to 'save' for a home; that's why the term now means a savings bank or credit union that encourages saving and home buying.