building society
English
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Noun
editbuilding society (plural building societies)
- (UK, Ireland, Commonwealth, 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
edit- (UK banking): credit union, mutual savings bank, savings and loan (US banking)
Translations
editfinancial institution
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