Business / Real Estate / Savings And Loan Association (S and L): A financial institution whose principal function is to promote thrift and home ownership. Depositors earn interest on their deposits, often at a higher rate than is offered at commercial banks. The S&L invests some of these deposits in residential mortgage loans, enabling more people to purchase and/or repair their homes. Savings and loan associations are active participants in the home loan mortgage market.
Association Noun Synonyms: society, organization, confederation, confederacy, federation, league, union, alliance, guild, coalition, group, syndicate, combine, consortium, cooperative
Business / Human Resources (HR) / Reasonable Person Standard: A standard used in sexual harassment suits, referring to conduct or behavior so offensive in nature that any reasonable person, regardless of sex, would agree the conduct or behavior should be illegal MORE
Health / Health Insurance / Reasonable And Customary Fees: The average fee charged by a particular type of health care practitioner within a geographic area. The term is often used by medical plans as the amount of money they will approve for a specific test MORE