building and loan

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• building and loan association — Another name for a savings and loan association. As the name implies, these institutions were originally meant to provide loans for building a house after the depositor had saved enough for a down payment. Category: Business, LLCs & Corporations… …   Law dictionary

• building and loan association — ˌbuilding and ˈloan associˌation noun [uncountable] FINANCE BANKING another word for a Savings and Loan Association * * * building and loan association UK US noun [C] (US FINANCE ► …   Financial and business terms

• Building And Loan Associaiton — It is a depository financial institution that is federally or state chartered, that specializes in collecting savings deposits from customers and investing it in residential mortgage loan. Building and Loan Associations are usually mutually held …   Investment dictionary

• building and loan association — An organization of people entitled to equal privileges, Cooperating by established periodic and equal payments per share in the creation of a common fund which may be loaned to any member for the purpose of building on property purchased… …   Ballentine's law dictionary

• building and loan association — noun : savings and loan association * * * building and loan association, = savings and loan association. (Cf. ↑savings and loan association) …   Useful english dictionary

• building and loan association. — See savings and loan association. * * * …   Universalium

• building and loan association — /ˌbɪldɪŋ ən ləυn əsəυsiˌeɪʃ(ə)n/ noun US same as savings and loan …   Dictionary of banking and finance

• building and loan association. — See savings and loan association …   Useful english dictionary

• permanent building and loan association — A building and loan association which issues its stock, not all at once, nor in series, but at any time when application is made therefor. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821 …   Ballentine's law dictionary

• serial building and loan association — A building and loan association whose stock is divided into series, each series being issued separately. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821, 30 SE 911 …   Ballentine's law dictionary