building society definition

  • noun:
    • Chiefly British A savings and loan association.
    • a form of lender which traditionally had been based on financing cash (as mortgages) to culture users buying homes, from other members pooled cost savings and/or money lent wholesale.
    • British same in principle as United States savings and loan connection
    • Chiefly British A savings and loan connection.
    • A type of financial institution which typically had been considering lending money (as mortgages) to culture members to get homes, from other users pooled cost savings and/or money borrowed wholesale.
    • British equivalent of united states of america savings and loan organization

Related Sources

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