Meaning of “building society” in the English Dictionary

british dictionary

(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 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)