DEFINITION: n. A bank which pays huge salaries to its executives who bet their customers' money on dumb investments, risky loans, and the inevitable government bail-out. v. To lend, spend, and mismanage a bank into bankruptcy.

Savingsandgroan

Created by: Mustang

Pronunciation: sayv-ingz-and-grone

Sentence: What had once been a successful savings and loan institution had, thru poor financial decisions and practices become a savingsandgroan institution and was inflicting a great deal of financial pain on its clients and associates.

Etymology: Blend of savings and groan, a word play on savings and loan.

Points: 986

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