building society

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building society

n. Chiefly British

A savings and loan association.

building society

(Economics, Accounting & Finance / Banking & Finance) 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

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

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

building society n (Brit) → istituto di credito immobiliare

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Later he became chief architect for GEHAG, the largest Berlin building society, which in the late I 920s constructed some 12 000 dwellings.

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Orders issued under International Banking Act. (Legal Developments) by Frierson, Robert DeV. / Federal Reserve Bulletin

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