ALL meanings of building society
build·ing so·ci·e·ty
B b - countable noun building society In Britain, a building society is a business which will lend you money when you want to buy a house. You can also invest money in a building society, where it will earn interest. Compare savings and loan association. 3
- noun building society (in the UK) 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 3
- noun building society savings and loan association. 1
- noun building society (Britain, banking) A type of financial institution which traditionally was based on lending money (as mortgages) to society members to buy houses, from other members pooled savings and/or money borrowed wholesale. 0