savings and loan association definition, meaning - what is savings and loan association in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online

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English definition of “savings and loan association”

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savings and loan association

noun [C] uk   us   US (UK building society)
a business that lends you money if you want to buy a house, or pays you interest on money you invest there
(Definition of savings and loan association from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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