building society love

building society

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Chiefly British A savings and loan association.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. British equivalent of United States savings and loan association

Etymologies

Sorry, no etymologies found.

Examples

  • Dublin-based Cardinal Asset Management, which is receiving backing from the Carlyle Group CYL.UL and U.S. investor Wilbur Ross, recently indicated it would increase the amount of cash it was willing to invest in the Irish building society to more than 600 million euros $810 million, according to a source familiar with the process.

    Reuters: Top News

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Comments

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  • Scales, though he was always spending money, was not at all well off; he did not pay for the house himself. A most obliging building society, which existed solely for the purpose of enabling impecunious Englishmen to feel that their homes were their castles, did that. -- ''Yashima, or, The Gorgeous West'' by R T Sherwood, 1931.

    December 24, 2008