building society

British

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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

In the highly unlikely scenario that a bank or building society actually collapses, then deposit protection is in place.

From BBC

The building society said it would be "hard for the market to regain much momentum in the near term".

From BBC

Up until January house prices in the UK fell for five months in a row, according to building society Nationwide.

From BBC

The spokesperson said the 450 losses in non-member facing teams will enable the building society to "increase investment in the value and service we provide our members".

From BBC

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023