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Noun: building society  'bil-ding su'sI-i-tee
Usage: Brit (N. Amer: savings and loan association)
  1. British equivalent of United States savings and loan association
    - savings and loan association [US]
  2. A thrift institution that is required by law to make a certain percentage of its loans as home mortgages
    - savings and loan, savings and loan association [US]

Derived forms: building societies

Type of: thrift [US], thrift institution [US]

Encyclopedia: Building society