building society

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Related to Building societies: Building Societies Act

building society

n. Chiefly British
A savings and loan association.

building society

n
(Banking & Finance) (in the UK) a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services

building society

savings and loan
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.building society - British equivalent of United States savings and loan association
savings and loan, savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
Translations
جَمْعِيَّةُ بِناء أو شِراء مَساكِن
stavební spořitelna
kreditforening
lakásépítõ szövetkezet
fjármögnunarfélag fasteigna
stavebná spoločnosť
yapı kredi kooperatifiyapı kredi kurumu

building society

n (Brit) → istituto di credito immobiliare

build

(bild) past tense, past participle built (-t) verb
to form or construct from parts. build a house/railway/bookcase.
noun
physical form. a man of heavy build.
ˈbuilder noun
a person who builds houses etc. The builder who built our house has gone bankrupt.
ˈbuilding noun
1. the art or business of putting up (houses etc) (also adjective). a building contractor.
2. anything built. The new supermarket is a very ugly building.
ˈbuilding society
a business firm that lends money for building or buying houses.
ˌbuilt-ˈin adjective
forming a permanent part of the building etc. Built-in cupboards save space.
ˌbuilt-ˈup adjective
covered with houses etc. a built-up area.
build up
1. to increase (the size or extent of). The traffic begins to build up around five o'clock.
2. to strengthen gradually (a business, one's health, reputation etc). His father built up that grocery business from nothing.
References in periodicals archive ?
Building societies consistently offer better savings rates than big banks, says independent advice site Savingschampion.
It allows consumers to make secure payments to account holders of other participating banks or building societies using only the recipient's mobile phone number.
It allows consumers to make secure, convenient payments to account holders of other participating banks or building societies using only the recipient s mobile phone number.
SWANSEA Building Society's chief executive believes an unintended consequence of the Bank of England's Funding for Lending Scheme, introduced to encourage banks and building societies to lend more, has been lower interest rates for savers.
THE UK's building societies sector is getting back to business as usual following the stresses of the financial crisis, according to accountancy firm KPMG.
GROSS mortgage lending by building societies and mutual lenders totalled PS3bn in October - up by 29% compared with the same month last year.
DARLINGTON Building Society Chief Executive David Dodd has been elected to the Building Societies Association National Council.
On the second day of the Building Societies Annual Conference, Yorkshire Building Society called for Northern Rock to be transferred back into a building society.
John Sutherland, chief executive of Stroud & Swindon Building Society, added: "Today's announcement is excellent news for Stroud & Swindon members who have the opportunity to join one of the UK's strongest and most profitable building societies.
He was awarded an OBE for services to Building Societies in 1989.
According to the Building Societies Association, savers have removed more than pounds 4bn from building society accounts since July.

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