Definify.com
Definition 2024
building_society
building society
English
Noun
building society (plural building societies)
- (Britain, banking) A type of financial institution which traditionally was based on lending money (as mortgages) to society members to buy houses, from other members pooled savings and/or money borrowed wholesale.
Coordinate terms
- (UK banking): credit union, mutual savings bank, savings and loan (US banking)
Translations
financial institution
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