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.




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


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

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