Building Society Definition

noun
A savings and loan association.
American Heritage
(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.
Wiktionary

Other Word Forms of Building Society

Noun

Singular:
building society
Plural:
building-societies

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.

  • Some building society accounts may not accept direct debits.

  • You will still need to discuss the payment arrangements with your bank, building society or post office.

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