building society


noun British.


Nearby words

  1. building and loan association,
  2. building block,
  3. building line,
  4. building paper,
  5. building permit,
  6. building trades,
  7. buildup,
  8. built,
  9. built cane,
  10. built-in

Origin of building society

First recorded in 1840–50

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for building society

building society

noun

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012