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Terminating deposit

Index Terminating deposit

Terminating deposits were a form of savings-and-loan that were one of the key products of the early building society movement in the UK and from there they spread through what is now the Commonwealth. [1]

9 relations: Building society, Commonwealth, History of the cooperative movement, Mortgage loan, New Zealand, Savings and loan association, Starr-Bowkett Society, Trade union, Working class.

Building society

A building society is a financial institution owned by its members as a mutual organization.

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Commonwealth

A commonwealth is a traditional English term for a political community founded for the common good.

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History of the cooperative movement

The history of the cooperative movement concerns the origins and history of cooperatives.

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Mortgage loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

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New Zealand

New Zealand (Aotearoa) is a sovereign island country in the southwestern Pacific Ocean.

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Savings and loan association

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings, deposits, and making mortgage and other loans.

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Starr-Bowkett Society

A Starr-Bowkett Society was a co-operative, non-profit financial institution that provided interest-free loans to its members and operated on the principle of mutual self-help, as espoused in 1843 by Dr T. E. Bowkett.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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Working class

The working class (also labouring class) are the people employed for wages, especially in manual-labour occupations and industrial work.

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Terminating deposits.

References

[1] https://en.wikipedia.org/wiki/Terminating_deposit

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