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
demutualisation
deposit taking institution
savings income
bank book
paying in book
See All Related Terms »

institute
supply chain
minority shareholder
prudent
work cell