(UK, banking) 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.
Building-society Sentence Examples
To open an account you will have to complete an application form from your chosen bank or building society.
The concept of handing their cash into a bank or building society in exchange for a slip of paper may seem alien to them.
You can cancel a direct debit at any time by writing to your bank or building society.