building society Meaning in Cambridge Business English Dictionary
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Meaning of "building society" - Business English Dictionary

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building society

noun [C]
 
 
( US Savings and Loan Association) FINANCE, BANKING
in the UK, an organization similar to a bank which provides financial services including savings accounts and mortgages (= loans to buy houses): Interest will be taxed on bank and building society accounts.
(Definition of building society from the Cambridge Business English Dictionary © Cambridge University Press)
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