SAVINGS BANK

See BANK. … [Read more...] about SAVINGS BANK

Banking institutions that pay out slightly higher rates on most savings accounts and use the deposits to provide mortgage loans. … [Read more...] about SAVINGS AND LOAN

See bank account; an account at a bank or other financial institution intended for the saving of money and withdrawal by the account owner. … [Read more...] about SAVINGS ACCOUNT

A creditor is said to "save the statute of limitations" when he saves or preserves his debt from being barred by the operation of the statute. Thus, in the case of a simple contract debt if a creditor commence an action for its recovery within six years from the time when the cause of action accrued, he will be in time to save the statute. Brown. … [Read more...] about SAVING THE STATUTE OF LIMITATIONS

A saving clause in a statute is an exception of a special thing out of the general things mentioned in the statute; it is ordinarily a restriction in a repealing act which is intended to save rights pending proceedings penalties etc. from the annihilation which would result from an unrestricted repeal. In contracts it is a clause that states that ambiguities should not render a … [Read more...] about SAVING CLAUSE