(place) by enkidu Thu Mar 15 2001 at 4:11:31
Abbreviation for Savings and Loan Association, a type of bank. Modern references to S&Ls will likely evoke memories of the savings and loan crisis of the 1980s and 1990s, when many American S&Ls crashed, causing great trouble for consumers and prompting an astronomically expensive government bailout (~$5X10^12).

A more complete description can be found at the Savings and Loan Association node.
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