n. another name for savings and loan association. As the name implies, originally these institutions were meant to provide loans for building a house after the depositor had saved enough for a down payment.
Found on
http://dictionary.law.com/Default.xhtml?selected=104
(n) Building And Loan is the type of housing loan provided by the special type of association where one can take housing loan when he build a deposit with such association, which is sufficient for paying the down payment
Found on
http://www.encyclo.co.uk/local/21213
No exact match found.
