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

Derived forms: savings and loan associations

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

Encyclopedia: Savings and loan association