thriftthrift /θrɪft/ noun1[countableC] (also thrift institution)FINANCEORGANIZATIONS in the US, a SAVINGS AND LOAN ASSOCIATION or SAVINGS BANKBefore it collapsed, it was the 12th largest thrift in Texas.
2[uncountableU] wise and careful use of money, especially when this involves saving money for the futureSavings banks spread new ideas about independence and thrift.