savings and loan association

Other forms: savings and loan associations

Definitions of savings and loan association
  1. noun
    a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
    synonyms: savings and loan
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    types:
    building society
    British equivalent of United States savings and loan association
    type of:
    thrift institution
    a depository financial institution intended to encourage personal savings and home buying
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