building and loan association

building and loan association
building and loan association ˌbuilding and ˈloan associˌation noun [uncountable] FINANCE BANKING
another word for a Savings and Loan Association

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building and loan association UK US noun [C] (US FINANCE
SAVINGS AND LOAN ASSOCIATION(Cf. ↑savings and loan association)

Financial and business terms. 2012.

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Look at other dictionaries:

  • building and loan association — Another name for a savings and loan association. As the name implies, these institutions were originally meant to provide loans for building a house after the depositor had saved enough for a down payment. Category: Business, LLCs & Corporations… …   Law dictionary

  • building and loan association — noun : savings and loan association * * * building and loan association, = savings and loan association. (Cf. ↑savings and loan association) …   Useful english dictionary

  • building and loan association — An organization of people entitled to equal privileges, Cooperating by established periodic and equal payments per share in the creation of a common fund which may be loaned to any member for the purpose of building on property purchased… …   Ballentine's law dictionary

  • building and loan association. — See savings and loan association. * * * …   Universalium

  • building and loan association. — See savings and loan association …   Useful english dictionary

  • building and loan association — /ˌbɪldɪŋ ən ləυn əsəυsiˌeɪʃ(ə)n/ noun US same as savings and loan …   Dictionary of banking and finance

  • permanent building and loan association — A building and loan association which issues its stock, not all at once, nor in series, but at any time when application is made therefor. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821 …   Ballentine's law dictionary

  • serial building and loan association — A building and loan association whose stock is divided into series, each series being issued separately. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821, 30 SE 911 …   Ballentine's law dictionary

  • foreign building and loan association — A building and loan association operating outside the jurisdiction of its origin or domicil. 13 Am J2d B & L Assoc § 122 …   Ballentine's law dictionary

  • insolvent building and loan association — See insolvency of building and loan association …   Ballentine's law dictionary

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