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building society

 

Definitions from WordNet

Noun building society has 1 sense
  1. building society - British equivalent of United States savings and loan association
    --1 is a kind of
    savings and loan, savings and loan association

Definitions from the Web

Building Society

A building society refers to a financial institution that primarily provides mortgage loans and savings accounts to its members.

It is often owned by its members and operates in a similar manner to a bank but with a focus on providing housing finance.

Example 1: I opened a savings account with my local building society.

Example 2: The building society offered competitive interest rates on their mortgage loans.

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