Unitary Thrift

AAA

DEFINITION of 'Unitary Thrift'

A company that controls a single savings-and-loan association. Unitary thrifts resemble bank holding companies in some respects, but their financial powers are broader in scope. They are authorized to engage in any type of industrial or commercial business.

INVESTOPEDIA EXPLAINS 'Unitary Thrift'

Unitary thrifts are allowed to open branches anywhere in the U.S. They can also allocate up to 20% of their assets to commercial loans. Because they are still thrift institutions, they must hold at least 65% of their assets in qualified thrift investments, such as residential mortgages or mortgage-backed securities.

RELATED TERMS
  1. Holding Company

    A parent corporation that owns enough voting stock in another ...
  2. Federal Savings and Loan

    A federally chartered savings and loan is a banking institution ...
  3. Mortgage-Backed Security (MBS)

    A type of asset-backed security that is secured by a mortgage ...
  4. Thrift Bank

    A financial institution focusing on taking deposits and originating ...
  5. Gramm-Leach-Bliley Act of 1999 ...

    A regulation that Congress passed on November 12, 1999, which ...
  6. Financial Cooperative

    A financial institution that is owned and operated by its members. ...
Related Articles
  1. Top 6 U.S. Government Financial Bailouts
    Insurance

    Top 6 U.S. Government Financial Bailouts

  2. A Nightmare On Wall Street
    Insurance

    A Nightmare On Wall Street

  3. 5 Lessons From The Recession
    Trading Strategies

    5 Lessons From The Recession

  4. Spotting Companies In Financial Distress
    Personal Finance

    Spotting Companies In Financial Distress

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center