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building society - 3 dictionary results
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building society

 
Use building society in a Sentence
–noun British.
savings and loan association.
Origin:
1840–50
1.55% At Emigrant
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www.EmigrantDirect.com
Savings Rates
Rates up to 3.50% APY, $2500 min. Invest in CD or Money Market Now!
www.DiscoverBank.com

savings and loan association

 
–noun
a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes.
Also called building and loan association, cooperative bank; British, building society.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To building society
building society  
n.   Chiefly British
A savings and loan association.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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