Noun: building society 'bil-ding su'sI-i-tee
Usage: Brit (N. Amer: savings and loan association)
Usage: Brit (N. Amer: savings and loan association)
- British equivalent of United States savings and loan association
"They opened an account with a local building society to save for a house deposit";
- savings and loan association [US]
- A thrift institution that is required by law to make a certain percentage of its loans as home mortgages
"They got their first home loan from a building society";
- savings and loan, savings and loan association [US]
Derived forms: building societies
Type of: thrift [US], thrift institution [US]
Encyclopedia: Building society