A building society is a financial institution owned by its members as a mutual organisation. Building societies offer banking and related financial services, especially mortgage lending. These institutions are found in the United Kingdom (UK) and several other countries. The term `building society` first arose in the 18th century in Great Britai.....
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http://en.wikipedia.org/wiki/Building_society
UK savings organisation that specialises in lending money to people for buying houses. See also savings and loan
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http://www.aviva.com/glossary/
(from the article `business organization`) ...company, some are based on contract between the members or on a trust created for their benefit, and others are statutory creations. The first of ...
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http://www.britannica.com/eb/a-z/b/126
The Building Society Act 1986 enabled building societies to offer the same products and services as banks. The difference between the two is that building societies are owned by their members where as banks are public limited companies. Supportes of mutuality have argued mutual organisations can offer higher returns to their customers because no mo...
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http://www.encyclo.co.uk/local/20416
Building societies are mutually owned organisations, which exist not for profit but for the benefit of the members. The idea of this is that the society is able to offer cheaper products to its members, though this is not always the case.
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http://www.encyclo.co.uk/local/20452
A mutual society whose principal purpose is to supply mortgages and savings accounts.
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http://www.encyclo.co.uk/local/20464
In the UK, a financial institution that attracts investment in order to lend money, repayable at interest, for the purchase or building of a house on security of a
mortgage. The largest building...
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http://www.encyclo.co.uk/local/20688
Similar to a bank but owned by members of the building society rather than shareholders in a company (bank).
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http://www.encyclo.co.uk/local/20949
Mutual organisation specialising in lending money to individuals to purchase or remortgage residential properties. Most of this money comes from individual saving members who are paid interest. A proportion of building society funds is also raised on the commercial money markets. Since the early eighties there has been a progressive relaxation of the rules governing the allowable sources of buildi......
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http://www.encyclo.co.uk/visitor-contributions.php
'Mutual' non-profit-making institutions set up to lend money to their members for house purchase.... <a target=_blank href='http://www.finance-glossary.com/terms/building-society.htm?id=184&ginPtrCode=00000&PopupMode=false' title='Read full definition of building society'>more</a>
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http://www.finance-glossary.com/pages/home.htm
A building society is a financial institution that accepts deposits, upon which it pays interest, and makes loans for house purchase or house improvement secured by mortgages. They developed from the Friendly Society movement in the late 17th century and are 'non-profit' making - the reality however is that the directors receive large sums of money...
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http://www.probertencyclopaedia.com/browse/JB.HTM
[
n] - British equivalent of United States savings and loan association
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http://www.webdictionary.co.uk/definition.php?query=building%20society
Similar to a bank but owned by members of the building society rather than shareholders in a company (bank).
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https://www.encyclo.co.uk/local/20956
noun British equivalent of United States savings and loan association
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https://www.encyclo.co.uk/local/20974
In the UK, a financial institution that attracts investment in order to lend money, repayable at interest, for the purchase or building of a house on security of a mortgage. The largest building societies in the UK in 1996, in order, were the Halifax, Nationwide, Woolwich, Alliance and Leicester, Bradford and Bingley, Britannia, Bristol and West, a...
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https://www.encyclo.co.uk/local/21221
No exact match found.
