Meaning Of The Word Building and loan association

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Building and loan association Meaning

Building and loan association Definition
Building and loan association Definition

What's The Definition Of Building and loan association?

building and loan association in British English
noun
noun: (in the UK) a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services

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