THRIFT INSTITUTIONS Definition

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THRIFT ASSOCIATIONS is a general term often used for mutual savings banks, savings and loan associations and credit unions.

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LIQUID ASSET is cash and any asset that can quickly be converted into cash (e.g., cash, checks and easily-convertible securities).

DESCRIPTIVE THEORY, in property rights, describes how property rights are created or initiated, how they are transferred from party to party, and finally how property rights are terminated.

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