- savings and loan
- noun see savings and loan association
New Collegiate Dictionary. 2001.
savings and loan
Look at other dictionaries:
savings and loan — A banking and lending institution chartered either by a state government or the federal government. Savings and loans institutions take savings deposits, upon which they pay interest slightly higher than that paid by most banks, and they make… … Law dictionary
savings and loan — n AmE a business, similar to a bank, that lends money, and into which you pay money that you want to save British Equivalent: building society … Dictionary of contemporary English
savings and loan — / seɪvɪŋz ən ləυn/, savings and loan association / seɪvɪŋz ən ləυn əˌsəυsieɪʃ(ə)n/ noun US a financial association which accepts and pays interest on deposits from investors and lends money to people who are buying property. The loans are in the… … Dictionary of banking and finance
savings and loan — also savings and loans N SING: usu N n A savings and loan association is a business where people save money to earn interest, and which lends money to savers to buy houses. Compare building society. [mainly AM] … English dictionary
savings and loan — (also savings and loan association) noun (in the US) an institution which accepts savings at interest and lends money to savers … English new terms dictionary
savings and loan — noun a thrift institution that is required by law to make a certain percentage of its loans as home mortgages • Syn: ↑savings and loan association • Hypernyms: ↑thrift institution • Hyponyms: ↑building society … Useful english dictionary
savings and loan association — sav·ings and loan association n: a cooperative association organized to hold savings of members in the form of dividend bearing shares and to invest chiefly in home mortgage loans Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… … Law dictionary
savings and loan association — savings and loan associ,ation noun count AMERICAN * a company that you have a savings account with and that lends you money for a mortgage when you want to buy a house … Usage of the words and phrases in modern English
savings and loan association — ☆ savings and loan association n. a depositor owned organization that solicits savings to be placed in saving accounts or in share accounts, on which interest or dividends are paid, and from which mortgage loans on homes or real estate are made … English World dictionary
Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom … Wikipedia
