building society Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “building society” in the English Dictionary

"building society" in British English

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building societynoun [C]

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

"building society" in Business English

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building societynoun [C]

uk   us   ( US Savings and Loan Association) FINANCE, BANKING
in the UK, an ​organization similar to a ​bank which ​providesfinancialservicesincludingsavingsaccounts and mortgages (= ​loans to ​buyhouses): Interest will be ​taxed on ​bank and buildingsocietyaccounts.
(Definition of building society from the Cambridge Business English Dictionary © Cambridge University Press)
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