savings and loan association
n. Abbr. S & L A financial institution, organized cooperatively or corporately, that holds the funds of its members or clients in interest-bearing accounts and certificates of deposit, invests these funds chiefly in home mortgage loans and may also offer checking accounts and other banking services.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
savings and loan association
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
sav′ings and loan′ associa`tion
n. a government-regulated savings institution in which deposits are exchanged for shares of ownership and funds are invested chiefly in home mortgages.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
| Noun | 1. | savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgagesthrift institution - a depository financial institution intended to encourage personal savings and home buying building society - British equivalent of United States savings and loan association |
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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