building society Definition

building society

Definition

A cooperative whose members pool their resources in order to offer financial and lending services, such as mortgages. It is similar to a bank or credit union. Building societies emerged in the U.K. during the 19th century, and are similar to savings and loans institutions in the United States.

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

building society is ...
... part of the Lending & Credit subject.

Related Terms

Northern Rock - More

building society appears in the definitions of these other terms on BusinessDictionary.com

primary capital, legal reserves, mutual society, non-depository financial institution, permanent interest bearing share (PIBS), and

Featured Sponsor