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.

Customers with bank accounts in the UK will see a significant increase in the amount of money that is protected if their bank or building society collapses.

From BBC • Nov. 17, 2025

And the building society said it wanted to protect vulnerable people and offer more support services.

From BBC • Nov. 11, 2025

The building society said house prices rose by 0.5% in May, following a slight drop in April.

From BBC • Jun. 2, 2025

A home affordability index report published by Skipton Group building society found six out of the 10 least affordable areas of Britain were in Wales.

From BBC • Mar. 23, 2025

As a pecuniary speculation, it is possible that such a society would pay as well as a building society; for the preliminary expenses would be so small in comparison.

From The Eulogy of Richard Jefferies by Besant, Walter, Sir

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