单词 | building society |
释义 | building societyn. In the United Kingdom and other Commonwealth countries: (originally) a cooperative society whose members contribute to a fund that provides loans for the purpose of building or purchasing houses; (later) a financial organization providing this and other banking services.Since 1986 legal changes in the United Kingdom have allowed building societies to offer more financial services and to become public limited companies.In the United States building and loan and savings and loan associations have served similar purposes. Cf. building and loan n., savings and loan n. ΘΠ society > trade and finance > financial dealings > banking > [noun] > savings, building, or friendly societies box club1728 building-society1848 mutual1869 slate club1888 susu1919 savings and loan1962 thrift1981 thrift institution1982 merry-go-round1989 1791 Aris's Birmingham Gaz. 7 Nov. 3/4 (advt.) Wanted a few Members to compleat a Building Society. 1896 Law Times Rep. 73 614/2 If the instalments were not punctually paid, the building society would come down on the property. 1992 Financial Times 11 Apr. ii. 4/1 As banks and building societies become increasingly tight-fisted in the recession, some people may be tempted to look elsewhere to borrow. 2022 i-Independent (Nexis) 30 Mar. If you need to squeeze more interest out of your savings as we face the cost-of-living crisis, look to other building societies or even your local credit union. This entry has been updated (OED Third Edition, December 2022). < n.1791 |
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