单词	savings and loan association
释义	savings and loan association noun : a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans called also savings and loan Example Sentences Recent Examples on the Web Deregulation of the savings and loan associations brought widespread failures and bailouts in less than a decade. Ganesh Sitaraman, The New Republic, 23 Dec. 2019 Dorothy was the first woman to be elected to serve as a member of the board of directors of a savings and loan association in Broward County. sun-sentinel.com, 2 Oct. 2019 According to The Washington Post, James McDougal engaged in fraudulent activity with a small savings and loan association, as well as a small business investment firm, which cost taxpayers $73 million. Danielle Corcione, Teen Vogue, 19 Jan. 2018 Word History First Known Use 1887, in the meaning defined above Legal Definition savings and loan association noun sav·​ings and loan association : a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans
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