Definition of "thrifts" [thrifts]

• Plural form of thrift. (noun)

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• "Executives in that industry also welcomed the change, saying that the lines have blurred between banks and so-called thrifts, which are increasingly involved in broader financial businesses that once were dominated by bank holding companies, such as corporate lending."
• "The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 745 savings and loan associations (S&Ls aka thrifts)."
• "Washington-area federal savings associations, commonly known as thrifts, have been hit harder during this downturn than their non-thrift counterparts, mostly due to their heavy concentration of residential real estate loans."