building society

British  

noun

1. a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services

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Example Sentences

Many investment companies that sell stocks and shares Isas back such a move, while banks and building societies who dominate the cash Isa market are more cautious.

From BBC

Bank and building societies bosses will be in front of the Treasury Committee.

From BBC

Interest rates show how much extra you have to pay if you borrow money from a bank or building society.

From BBC

However, in a move to help mortgage-holders, banks and building societies will offer more flexibility on repayment terms.

From BBC

However, the building society said the sharp increase in borrowing costs was likely to cause a "significant drag" on activity in the housing market.

From BBC