building society
noun

a financial institution which accepts and pays interest on deposits, and lends money to people who are buying property against the security of the property which is being bought

Examples
  • We put our savings into a building society or into a building society account.

  • I have an account with the Nationwide Building Society.

  • I saw the building society manager to ask for a mortgage.

(Note The US term is savings and loan.)
Browse by Subjects
borrowing
depositor
term shares
licensed deposit taker
share account
See All Related Terms »

danger money
average hourly earnings
Accounting Principles Board (APB)
publicly held company
trade association