Basket provision

Thrift industry slang for provisions in the law that allow savings and loan associations, savings banks and insurance companies to invest a portion of their assets in investments not otherwise permitted.

ORIGINAL PRINTED PATENT APPLICATION NUMBER 3,341 FOR AN IMPROVED MEANS FOR SECURING THE LIDS OF PROVISION BOXES AND THE LIKE BASKET FITTING BOXES. [1902]

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Savings and loan association

Savings bank

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