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Meaning of building society

Source language: EnglishDictionary language: English

building society

Pronunciation:

noun

Definitions

  1. 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.

Sources:https://en.wiktionary.org/wiki/building%20society

Related words

savings and loanmortgage lenderbenefit societymutual savings bankburial societylanded societybondaccepting house