S & Ls is a term used in the financial domain and stands for Savings and Loans. This term refers to a type of financial institution that specializes in accepting deposits from customers and then lending those deposits to other customers. Synonyms for S & Ls include Savings Banks, Thrift Institutions, and Building Societies. Savings Banks are similar to S & Ls, but they are typically owned by the government or a charitable foundation, while Thrift Institutions are often publicly held and provide a range of financial services. Building Societies are more common in the United Kingdom and focus on providing mortgages to their customers. Regardless of the synonym used, these institutions play a vital role in the financial sector and provide valuable services to individuals and businesses.